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One, two, three O&#39Learys

Staff at tech outsourcing operation Marlborough Stirling were expecting a tall Irishman when they heard that a West Midlands football manager called O&#39Leary was taking over as chief executive.

Staff were bracing themselves for a tell-all autobiography and wise words on playing 4-4-2 until it was revealed that his first name was Michael and not David.

Staff then figured it must be the head of Ryanair, having jumped ship from the turbulent world of airlines for the relative calm of financial services.

But it turns out that O&#39Leary is a former Misys network boss who has spent the last two years on sabbatical helping out West Bromwich Albion FC on their journeys in and out of the Premiership as an unpaid managing director.


Commercial break

My Sipp contains a commercial property valued at £250,000, which I may sell, plus £100,000 in cash. What are my options and are there any other issues I should know about concerning gearing up to buy more property? Property purchase within a Sipp is relatively straightforward under current legislation. The Sipp must place a deposit […]

Premier releases latest tranche of structured offering

Premier Fund Managers this week released the latest tranche of its Premier limited editions structured product, a six-year growth plan based on the FTSE-100. The manager says the structured product is offering investors the potential of growth whether the market rises or falls and there will be 100 per cent redemption of capital whatever the […]

The miles file

There was a reminder of the importance of share dividends last week when Barclays published the latest edition of its much respected equity-gilt study. Although the message has been trumpeted many times, the headline figures from the study are worth repeating. Any saver foolish enough not to reinvest dividends pays a heavy price. According to […]

Refusal to pay indemnity shows little faith in IFAs

Following recent property acquisitions, I elected to increase my life cover by £250,000 for the next 10 years and applied to Scottish Equitable, who appeared to offer the cheapest premium according to comparisons sourced from The Exchange. My application was submitted online. However, a few days later I was contacted by Scottish Equitable, who told […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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