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Speculation grows over Old Mut successor

Speculation is growing over the likely replacement of Old Mutual chief executive Mike Levett, with the firm&#39s life insurance chief executive Jim Sutcliffe leading the pack.

Levett, aged 62, has two years left on his contract, but has withdrawn his entire accrued pension benefits, worth over £7m, fuelling rumours of his departure.

Two other internal candidates are also in the running for the post – financial services chief executive Eric Anstee and banking subsidiary Nedcor head Richard Laubscher.


Skandia ends ethical pre-screening

Skandia is restructuring its ethical portfolio following changes to itsethical investment approach. The move means that funds included in the portfolio, which is available tolife and pension clients, will no longer be selected from a pre-screenedlist. Stocks will now be selected by the fund manager from a broad universe andwill only be evaluated for their […]

Royal London chosen by JJB for stakeholder

Sports retailer JJB Sports has chosen Royal London as stakeholder provider to its 11,000 employees across the UK.Royal London will be offering stakeholder pensions through both its contact centre and its direct sales force, with employees having the option of being taken through a decision tree or receiving advice on their pension.Royal London chief executive, […]

Close launches first FTSE4Good fund

Close Fund Managers has announced it is launching the first FTSE4Good UK fund on July 10 that will be listed on the new ethical index going live on July 31.The fund manager has been closely involved with the design of the index , which will only list ethical companies that meet socially responsible investment criteria.Close […]

Chelsea Building Society – 2 Year Fixed Rate Bond (9th Issue)

Tuesday, 26 June 2001.Type: High interest account.Minimum-maximum investment: £1,000-£500,000.Interest rates: 6 per cent gross a year, 5.84 per cent gross a month. Term: Until November 1, 2003.Offer period: Until further notice.Withdrawal penalties: 60 days&#39 loss of interest on amount withdrawn until November 2, 2003.Tel: 08702 404808.

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]


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