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Paul Myners to leave PADA in ministerial move

Paul Myners is to leave his position as chairman of the Personal Accounts Delivery Authority in order to take up his new role as financial services secretary.

Myners, who was formerly chief executive of Gartmore, was offered the newly-created position by the Prime Minister as part of his Cabinet reshuffle this weekend.

The changes also saw the appointment of a new pensions minister Rosie Winterton who is to replace Mike O’Brien as he moves to take on an energy brief.


Protection principles

Next year, April 5 will not only mark the end of the tax year and the start of a new cycle of financial planning but will also mark the last date that clients are able to register their pre-A-Day (pre-April 5, 2006) pension funds for enhanced or primary protection. Therefore, with the cut- off point to register for enhanced or primary protection looming, advisers must take action now if their clients are to benefit from these opportunities.

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]


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