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Phoenix appoints managing director of fund services

Phoenix Fund Services has appointed Tony Reed as managing director.

Reed will be responsible for managing the relationships with clients of Phoenix’s UK funds business as well as for Phoenix’s compliance and risk management.

Reed will report to chief executive officer John Rice and join the Phoenix Fund Services’ executive management team.

Rice says: “Tony brings a wealth of experience to Phoenix having worked in a range of roles managing client relationships, running collective investment scheme operations and regulatory risk management at Insight Investment, JP Morgan, Halifax Bank of Scotland and the Pearl Group.”


Novia appoints compliance head

Novia has appointed Chris Blakeley as head of risk and compliance. Blakeley will be responsible for managing regulatory risk for the business working on the Aegon platform delivery and will report to Novia chief operating officer Richard Denning. Aegon announced in March that Novia would provide the administration for its platform for up to five […]


MPs regret regulator’s decision to reject delay

The Treasury select committee says it regrets the FSA’s rejection of its key RDR recommendations and describes the regulator’s initiatives to soften the 2013 deadline for experienced advisers as too limited. The select committee’s report, published in July, report called for the deadline to be put back by one year to give advisers more time […]


FSA still faces a battle with Europe to ban commission

Regulatory experts suggest the FSA still has a fight on its hands to ensure it can ban all advisers from receiving commission despite hints from the European Commission that the RDR rules will be acceptable under Mifid. Money Marketing revealed in September that a leaked draft of the directive stated independent advisers could not receive […]

Markets fall as Italian borrowing costs hit 7%

Markets across Europe have fallen this morning as concerns around Italy continue to grow. The yield on Italian 10-year government bonds passed 7 per cent for the first time since the euro was founded in 1999 adding to fears that it could be the next country to fall victim to the eurozone debt crisis. At […]


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