View more on these topics

PwC valuer to lead B&B share compensation scheme

PriceWaterhouseCooper head of valuations Peter Clokey has been chosen to spearhead the investor compensation scheme for Bradford & Bingley shareholders.

Clokey will head up the independent valuation of B&B shares prior to its collapse in September 2008, with the help of PwC staff. Under the Banking Act, the Government must seek an independent valuation for all of B&B’s shares prior to its nationalisation.

Clokey will inform former shareholders and others, such as the holders of B&B’s subordinated debt, of the basis on which he is going to operate and how he intends to proceed. Any interested parties can go to

On the website, Clokey says to investors: “I realise you would probably like me to resolve this quickly. So, while I will take the time needed to carry out a thorough evaluation, I will try to reach my decision as swiftly as possible.

“For now, please bear in mind that we are right at the beginning of what is an extremely complicated process. Almost one million people will be affected by the outcome of my decision and much of the information I will rely on is not available to me immediately.”


Bennett to run flagship Gartmore fund

Gartmore has unveiled plans to pass on the management of Roger Guy’s flagship 1.5bn European select opportunities fund to John Bennett who has been appointed senior portfolio manager European equities.


School fees planning

Jeremy Pearson is 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. Many parents value the standard of education offered by […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm