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Out of context

•”Journalists always try and nick my nuts.” – iimia head of investment trusts Nick Greenwood after the mysterious disappearance of his cashew nuts.

•”We can afford plastic spoons.” – Platform sales and marketing director Guy Batchelor.

•”This is an anoraks&#39 convention.” – LibDem pensions trainspotter extraordinaire Steve Webb.

•”Why ruin a good meal?” – Standard Life senior technical manager John Lawson on turning down a salad with his main course.

•”I don&#39t do thinking.” – Mortgage Brain chief executive Mark Lofthouse.

•”I have lost my chief executive so you are stuck with me.” Western Provident Association head of communications Charlie MacEwan.

•”People who work in banking seem to be another horrid breed of person.” – Anonymous IFA at Matrix Data conference in London.

Any Out of Contexts or Diary stories? Send them to Diary editor John Greenwood, email: or tel: 0207 943 8036.


The miles file

April is the cruellest month, wrote TS Eliot in The Wasteland. It will certainly be a difficult time for thousands of savers who sank their savings into a generation of stockmarket-linked bonds with tempting headline rates of return.Four such products, now called precipice bonds by our friends at the FSA, reach maturity next month. Barring […]

Rovers and out…

At last Corrie&#39s evil IFA Richard Hillman has done the decent thing and driven into the Weatherfield canal in what looked like a Metro, surely not a suitable car for an IFA, even a serial-murderer IFA, but what a shame that Gail got out. I suppose she looks so much like a fish that she […]

Taking the risk Out of risk

One of the inevitable trials of giving financial advice is that from time to time you come across clients who really need their heads testing. They will be unreasonable in their expectations, so how do you introduce a little more reality to their thinking?At the very least, you should be able to document fully that […]

&#39Shutting down final-salary schemes doesn&#39t worry staff&#39

A tidal wave of companies closing final-salary schemes to new members will gather force as firms realise that staff retention is not affected, the Pensions Policy Institute conference was told last week.Legal & General pensions strategy director Adrian Boulding said employers would find that he savings made by closing defined-benefit schemes to new members would […]


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