Clerical Medical financial services sales director Graeme Riddoch is moving within the HBOS group in a restructure of the intermediary division.The review was instigated by Clerical parent firm HBOS which has changed Riddoch’s former role. Clerical director of market development Keith Gilmour will take on Riddoch’s workload in the new role of director of intermediary sales. National sales manager Dominic Grinstead has also seen his role displaced. Clerical Medical Financial Services managing director John Hiew will retain respon- sibility for Clerical’s intermediary distribution and take on HBOS’s employee share serv-ices business. A Clerical spokesman says: “Both Graeme and Dominic are working with HR to find them alternative roles within the HBOS group but where they will end up will depend on the individual. It probably will not be within Clerical Medical.”
The Securities and Investment Institute is teaming with charity The Brokerage Citylink to raise the numbers of young inner city Londoners working in financial services. The SII is offering free places to 20 Brokerage students on its one day introduction to financial markets course. All 20 candidates expressed an interest in working within the banking […]
It has sent its findings, based on scrutiny of 108 individual cases, to Pensions Minister Stephen Timms and the FSA, calling the situation “a scandal”. Which? claims it found that 71 per cent who contracted out will only get 80 per cent of what they would have got if they had stayed contracted in. Editor […]
School leavers could face a shortfall of around 10,900 on university costs because parents save to meet higher education costs with cash rather than through shares, according to research from Fidelity International. The firm says a typical investment of 50 a month in the stockmarket over the past 18 years would have created a savings […]
As the summer holidays come to an end, children prepare to return to school and the roads clog up in the mornings, there is time for reflection on the drive into Bri- stol every morning.
It can be difficult for employees to control their spending habits, in fact they may not realise that they have bad habits at all.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]