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Royal London appoints Loney as chief executive

Royal London has appointed Phil Loney as group chief executive.

Loney will join the mutual life and pension company from Lloyds Banking Group, where he is currently managing director of life, pensions and investments. He is expected to start his new role in October “at the latest”.

Loney says: “In the present economic environment, with the financial services sector facing rigorous scrutiny, customers need a strong and innovative mutual insurance sector.

“I’m looking forward to working with the team to define and implement the next stage of strategic development for the business.”


Mind games

Anybody paying attention, whether pro or anti the retail distribution review, will have realised the home team is playing a sly and cynical game. As I have droned on about previously, the game is played by the use of unprovable and inaccurate statistics and the spraying of unfounded allegations and innuendo. The following statement made […]

GDP revisions could delay rate rise, says LSR

The Bank of England may be less likely to raise interest rates in May because of revisions to last year’s GDP figures, according to Lombard Street Research. Yesterday, the Office for National Statistics said that GDP growth in Britain fell by 0.5 per cent in the final quarter of 2010, rather than the previously estimated […]

L&C cuts equity risk in volatility fear

Discretionary fund manager London & Capital has reduced exposure to equities and commodities in its managed port-folios because it expects volatility to rise. Executive director (investment strategies) Neil Michael says he has turned down the risk dial on the portfolios as part of a tactical asset allocation change. L&C wants to be seen by advisers […]

Colin Lawson

Equilibrium’s managing partner is convinced the future of the intermediary industry lies with technology and the company’s modern approach to advice has already put it ahead, with the firm a runner-up at the Money Marketing awards in the small company IFA of the year category.

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


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