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Seaton suicide after stealing £1.1.m

The inquest into the death of former Rowanmoor Pensions managing director David Seaton has found that he committed suicide after police discovered he stole £1.1m from a client’s account.



Bank of England governor warns UK facing ‘sober’ decade

The Bank of England governor Mervyn King has warned that the UK is set for a ‘sober’ decade as it looks to recover from the financial crisis. Speaking to the Black Country Chamber of Commerce on the eve of the Spending Review, King said that the next decade would be defined by “savings, orderly budgets […]


The Eve of creation

As advisory businesses get prepared for the impact of the retail distribution review, we are receiving more flesh on the bones about the way that financial advice is to be charged for from the beginning of 2013. The FSA’s quarterly consultation paper 10/12 outlines a few RDR-relevant issues which sadly I think in some areas […]

JC Flowers wants 4 building societies to create “supermutual”

US private equity firm JC Flowers is lining up bids for at least four building societies to create a “supermutual” which would be partially floated in five years, according to The Observer. The report names West Bromich, Norwich & Peterborough, Skipton and Principality as societies the firm is looking to acquire through its stake in […]


Ex-Park Row chief joins BMAM

Brooks Macdonald Asset Management has appointed former Park Row sales and marketing director Carey Shakespeare as head of marketing. He has acted as a consultant since leaving Park Row in 2009.

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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