View more on these topics

Skandia business proposition director Richard Vincent to leave

Skandia business proposition director Richard Vincent is leaving the business at the end of November.

Vincent, previously proposition director for Skandia Investment Group, has spent the last six months working directly for Old Mutual Wealth chief executive Paul Feeney.

He returned to Skandia almost 10 years ago as head of investment marketing. Since then he has been responsible for Skandia’s fund group relationships and latterly was proposition director and a member of the executive for Skandia Investment Group. During this period he and his team launched the Spectrum risk rated funds.

In September, Old Mutual announced it is merging the Skandia businesses within the Old Mutual group into a single business called Old Mutual Wealth. Skandia UK, Skandia International and the Skandia European businesses outside of the Nordic region will adopt the Old Mutual Wealth brand over the next two years.

Vincent says: “Having been at Skandia for almost 10 years, I feel it is time to seek new challenges within the industry. I am very proud of the part I have played in the success of the Skandia business and I wish Paul and his team every success in the future.”

Feeney says: “Richard has made a considerable contribution to the success of Skandia over the years and his energy, creativity and knowledge will be missed. I am sorry to lose him but I understand his desire to seek new challenges and I wish him well in his future career. He leaves with our and my personal thanks and gratitude.”

Recommended

UK inflation rises to 2.7%

The UK consumer prices index rose to 2.7 per cent in October, according to the Office for National Statistics. The consumer prices index increased by 0.5 per cent from 2.2 per cent in September. The retail prices index rose to 3.2 per cent in October, up 0.6 per cent from 2.6 per cent in September. […]

FSA tells banks to scale back bonuses

The FSA has warned banks staff bonuses awarded this year should reflect the recent scandals of payment protection insurance misselling and Libor manipulation with bonuses clawed back from those involved. The Financial Times reports that FSA managing director of prudential regulation Andrew Bailey (pictured) wrote to bank chief executives late last month to urge them […]

2

Nucleus: Advisers may pay platform charges within 10 years

Nucleus chief executive David Ferguson believes advisers could pay for platforms rather than clients within the next decade. At the Personal Finance Society annual conference in Birmingham last week, The Platforum managing director Holly Mackay asked Ferguson about a need for simplicity in platform pricing. Ferguson (pictured), who charges a flat 35 bps for use […]

1

Resolution targets extra £17m cost savings despite IT problems

Life sector consolidation vehicle Resolution has increased its cost savings target from £143m to £160m by 2015, despite suffering problems migrating Axa’s IT systems which will cost the company around £35m. Resolution, the company behind Friends Life, is also reviewing two “key” IT and systems migration programmes – a process which is expected to incur […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment