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Queen approves new chair of the court of the Bank of England

Sir David Lees has been appointed new chair of the court of the Bank of England, succeeding Sir John Parker.

Lees, currently chairman of Tate and Lyle, is now responsible for ensuring that the Bank of England as an institution is able to meet the challenges it faces in discharging its monetary stability and financial stability responsibilities.

As well as chairing meetings of the court and agreeing its agenda, Lees must now work with the Bank’s Governor Mervyn King, fellow non executives and senior Bank officials in discussing governance and management issues on a regular basis.

Chancellor Alistair Darling says: “I am delighted to announce Sir David Lees’ appointment as Chair of the Court of the Bank of England to succeed Sir John Parker when he steps down. Sir David has a wealth of experience that he will bring to this role.”


Ways and means

You are aware, I am sure, that I think means-testing and the way it can devalue the private pension savings of some people is the biggest problem we have today in our pension system in the UK.

New Star Sterling Bond loses rating

Old Broad Street Research (OBSR) has removed its AAA rating from the New Star Sterling Bond fund following the recent change in management.Last week it was announced that after the completion of the merger between Henderson and New Star, Phil Roantree, the manager of the Sterling Bond fund, would not join the newly merged group. […]

Take the long view

While not hit as hard as some other sectors of the financial services industry, the start of 2009 has seen more evidence that the equity-release market has not been immune to the credit crunch.

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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