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People on the move: Distribution

Axa Distribution Services appointed three new Elevate distribution directors Roz Simcock, Bruce Cargill and Dominic Clabby.

Simcock will be responsible for key accounts nationwide. She joins Axa from Fidelity FundsNetwork, where she was a national accounts manager. Cargill will be responsible for accounts in Scotland and the North of England.

He joins from Norwich Union, where he was development manager for their wrap portfolio.

Clabby will be responsible for accounts in London and the South-east. He also joins from Fidelity FundsNetwork, where he focused on wrap with key national accounts.

Former IMA deputy chief executive Sheila Nicoll will replace Dan Waters as FSA head of retail policy and conduct.

Nicoll left the IMA in September 2007 to join the FSA as director of the retail firms division. She will retain her current responsibilities until a replacement is found. Before joining the IMA, Nicoll worked at the London Stock Exchange and the Securities Association.

Sesame has appointed John Cowan as an independent non-executive director on its board. Cowan works for National Australia Bank, where he set up Pivotal, a proposition designed to help IFAs move towards a new business structure.


Manager focus: John Bennett

After a three-year underweight to banks, John Bennett at Gam is beginning to buy back into the sector on his two European equity vehicles. The manager of the Gam Star Continental European Equity and Gam Star European Equity funds says banks will not be allowed to go bust, but will be bailed out by their […]

Alternatives to pensions

Managing one’s investments (incorporating appropriate asset allocation) to produce acceptable returns while managing risk takes absolute priority in portfolio planning. However, maximising the tax efficiency to minimise tax on investments can substantially add to the bottom line.

Strategic return

I wonder how many brokers recognise the name of William Littlewood. He was the star UK fund manager of the 1990s and is also probably the best fund manager I have ever met.

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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