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Scott steps down at M&G Asian fund

Nick Scott has stepped down as manager of the £235m M&G Asian fund after 13 years. Scott was employed by Prudential’s Hong Kong asset management business, and is being replaced by deputy Neil Mackay while a permanent replacement is sought.

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The Money Portal acquires Swaines

The Money Portal has acquired 100 per cent of the Swaines compliance services consultancy.The move will offer Swaines financial security while adding compliance support to TMP’s stable. Chief executive Allen Swaines will continue to head up the business as it carries out its existing strategy. The Swaines brand is also expected to remain.TMP chief executive […]

Halifax wants IHT link to house prices

Halifax is calling on the Government to raise the inheritance tax threshold to 430,000 and to make a commitment to link the threshold to house price inflation in the future.

Bradshaw to chair board at Sumus

Paul Bradshaw is to chair the board at Sumus, trading name of the Falcon Group and FSAS.Bradshaw is chairman of Nucleus Financial and non-exec director of Merchant Investors Assurance.He has run a number of financial services businesses including Skandia Life, Scottish Amicable International and latterly Abbey’s insurance and asset management operations. Head of investment solutions […]

Tech can halve processing time

Effective use of technology can make advisers much more efficient, says Distribution Technology. It says IP policy transaction times can be halved while for investment products the saving can be 32 per cent.

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