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SocGen hires ex-RBS structured product director to head UK adviser sales

Societe Generale has appointed former RBS global banking and markets structured product director Zak de Mariveles as head of UK adviser sales.

Mariveles will be responsible for developing the French bank’s franchise with advisers in the UK. He will report to managing director of sales for the UK and Ireland Didier Imbert and head of distribution for listed products and ETFs in the UK, Nordics, France and Benelux Alexandre Houpert.

Mariveles, who left RBS in December, previously worked as managing director of RBS’s structured products division. Prior to this, he was director of Barclays Capital for 13 years and was the first chairman of the UK Structured Products Association when it launched in November 2009.

Houpert says: “Zak brings with him a deep understanding of the UK market as well as breadth of experience. His appointment already compliments an established team, which will enhance our franchise as a leading UK structured product business.”



Govt confirms £75k LTC cap will be funded by abolition of contracting-out

The Government has confirmed plans to introduce a £75,000 cap on long-term care costs will be partly funded by increased employer national insurance contributions as a result of the abolition of contracting-out. This afternoon, health secretary Jeremy Hunt told Parliament the new cap – which does not include accommodation or food costs – will be […]

Govt considers lifetime allowance auto-enrolment exemption

The Government is considering removing the requirement for employers to automatically enrol people who have lifetime allowance protections in place. The idea will be floated in a consultation next month outlining ways to simplify auto-enrolment rules for employers. It follows warnings from the industry in July 2011 that people who have lifetime allowance ‘fixed protection’ […]


Aegon eyes UK LTC market but others are more cautious

Aegon says it is eyeing the long-term care market following this week’s Government reform plans, although other insurers are less positive about the potential to offer cover up to the proposed cost cap. This week, health secretary Jeremy Hunt told Parliament he wants to implement a £75,000 cost cap, increase the upper means-tested threshold to […]


MPs attack Treasury for failing to understand QE risks

MPs have hit out at the Treasury for indemnifying the Bank of England against losses from its £375bn quantitative easing programme, claiming it does not understand the risks involved. The Public Accounts Committee has published a report today into the activities and role of the Treasury, in which committee chair Margaret Hodge criticises the Treasury […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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