View more on these topics

Ship announces plans to appoint a director general

Ship has announced plans to appoint a full time director general and support staff to expand its resources after a strategic review.

Previously all Ship activity has been completed on a voluntary basis by its members.

Non-executive chairman Laurie Edmans says: “The decision to appoint a new full time director general represents a real advance for Ship. It highlights the united desire of Ship members to increase activity within the equity release market whilst continuing its positive work to raise standards of advice for customers and IFAs.”

Edmans and current chief executive Jon King will form an implementation board to appoint a director general and start the new management structure which is set to be operational by January 2008.

The director general will work with a main board of Ship members to make decisions for future activity while a new management board will supervise the execution of activities determined by the main board.

Norwich Union head of marketing Elizabeth Boardall says she believes the move will increase public understanding and confidence in the equity release market.

She says: “We would hope that alongside appropriate advice for consumers and technical and practical support for advisors, SHIP’s plans will work towards evidencing how equity release can be a viable and flexible post-retirement option.”


Suck it and see

As a business, we have dipped our toes into the world of wrap and have spent time developing our client offering using the Standard Life wrap.A lot has been said about the ability of wraps to save time and effort in your administration and valuation processes. Additionally, we are told, the benefits of wraps can […]

HSBC launches two emerging market debt funds

HSBC Investments has announced it is to launch two new emerging market debt funds by late June.The HSBC Global Emerging Markets Local Debt Fund and HSBC New World Income will be available to investors via a collective fund format. The funds will be managed by Peter Marber and his team at Halbis which is the […]

Luckraft fund may reopen

Axa Framlington is considering reopening George Luckraft’s £1.1bn equity income fund in response to IFA demand.The group soft-closed the fund in March 2005 by introducing a 5.25 per cent initial charge without discount to stem massive inflows into what was then a £700m vehicle.Head of UK retail sales Rob Bailey says the group recognises demand […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm