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Protection marketer quits Friends

Friends Provident head of protection marketing Ian Jefferies is leaving the firm after 24 years. He is understood to be moving to general insurance firm Fortis.

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M&G will not hedge bets on cautious fund

M&G says the exclusion of commodities and hedge funds from its new cautious managed multiasset fund will not undermine the diversification benefits of its investment approach.David Jane, who will manage the fettered fund of funds, believes that investment in gold is risky because returns depend on its spot price at any given moment while fixed […]

Royal London sales rise by 10%

Royal London Group saw new life and pension business rise by 10 per cent in 2006, growing from 1.8bn in 2005 to 1.99bn, on a present value of new business premiums basis. Bright Grey’s new business volumes fell by 6 per cent from 163m in 2005 to 154m in 2006.

Means test clash is threat to IFAs

The issue of advice on pension personal accounts has been thrown into further confusion after the FSA and the DWP issued conflicting messages to advisers about their duty to consider the means-testing entitlement of clients.The Department for Work and Pensions has warned advisers they would be “extremely irresponsible” to recommend that clients do not enter […]

Poor Abbey PR Charles Ansdell…

Poor Abbey PR Charles Ansdell had the fright of his career when a less than observant MM hack sent him an email about a lunch meeting on February 22, not realising it was in fact January 22 at about 3pm. His response was: “Bejeezus, that had me worried for a second. Never send PRs emails […]

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