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Skandia appoints John Clougherty as sales director of mutual funds business

Skandia has appointed John Clougherty as sales director of its soon-to-be-launched mutual funds business.

Clougherty, formerly of Merrill Lynch, will report to Skandia Oeic business managing director Jamie MacLeod, appointed in July.

Clougherty&#39s appointment comes hard on the heels of Spike Hughes from Hargreaves Lansdown and Clive Hale from John Scott and Partners joining its new mutual fund business in September.

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Eurolife replaces Wootton

Eurolife Assurance is appointing Nick Greenwood as chairman and managing director.Greenwood takes over as managing director from David Wooton who was forced to step down following an investigation by the FSA.Greenwood was formerly an independent life insurance consultant and was a director and general manager of Windsor Life from 1994 to 2001.

No compulsory Amicus redundancies

Prudential has averted threatened strike action by promising Amicus there will be no compulsory redundancies at its Reading call centre. This follows Pru&#39s decision to move its call centre to India which threatened 850 jobs. The union is recommending acceptance of the offer.

SVT NAV beats world index fall

The Scottish Value Trust has announced its year net asset value fell by 5.9 per cent compared to the FTSE World Index which fell 24.7 per cent. It says it has a gearing ratio of 20 per cent and hedge funds now make up 28 per cent of the trust. It will pay out an […]

Britannia International displays bond

Britannia International has established the 11th edition of its guaranteed capital equity bond.This issue of the bond offers growth potential of 35 per cent gross over five years, which is 3.25 per cent lower than the previous issue.The bond returns investors&#39 original capital whatever happens to the FTSE 100 index during the term. Investments will […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]

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