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Standard Life chief to step down

Scott Bell, the group managing director of Standard Life, is to step down next March in favour of Iain Lumsden.

Jim Stretton, the chief executive of UK operations is also retiring in December. Sandy Crombie will become deputy group chief executive with effect from next March.

The giant Scottish mutual says it will maintain its commitment to mutuality.

Standard Life chairman John Trott says: "Scott Bell and Jim Stretton have made immense contributions to Standard Life’s success and development."


Frank Russells up hedge fund

Sophisticated high-net worth clients are being targeted by the Frank Russell Company to invest in the alternative strategies fund.This offshore open-ended investment company (Oeic) aims to produce returns of between 10 and 15 per cent a year. It invests in hedge fund strategies such as event driven, market neutral arbitrage and long and short selling. […]


14,000 request FSA consumer information booklet

Nearly 14,000 customers have requested the FSA’ financial booklet You and Your Money in the first month it has been available. The information pamphlet, which provides free basic information on how the regulator can help consumers with their money matters is available at main post offices, citizen’ advice bureaux, money advice agencies, libraries and the […]

Three directors join LM Financial

LM Financial has recruited Dale Pilkington as its regional sales director for the South of England. Pilkington was head of senior sales at John Charcol. Chris Hervey joins LM as finance director while Terry Bates joins as director of recruitment with an extensive recruitment programme over the next six months.

FSA sets up a whistleblowing line

The FSA is starting a whistleblowing service for employees to inform on employers who break the law. The service is intended for staff unwilling to confront their employers about criminal offences and failures to comply with legal obligations such as setting up stakeholder pension schemes.The FSA is setting up a whistleblowers&#39 phone line and email […]

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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