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Standard Life client data in lost package

Standard Life has confirmed that a disk containing 15,000 clients’ confidential information has been lost in a package sent by HM Revenue & Customs to Standard’s pension department. Clients affected are those who have contracted out of the state second pension.

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Sixfold boost for ethical funds

Net retail sales of ethical funds have grown sixfold in the past 12 months, says the Investment Management Association. Ethical inflows reached £135.5m in the third quarter this year compared with £23.1m at the same point in 2006. Fund of fund sales took a downturn, totalling £803.4m in Q3 compared with £1bn in Q2 and […]

Rubin to succeed Prince at Citigroup

Citigroup has appointed former US Treasury secretary Robert Rubin as chairman and former Schroders chief Sir Win Bischoff as temporary chief executive following the resignation of Charles Prince III. Citigroup says it must write down an extra $8bn-$11bn in leveraged and sub-prime loans.

Connect Mortgage Group plans to double in size in 2008

Mortgage outsourcing company Connect Mortgage Group says it is looking to double in size over the next 12 months by acquiring struggling packagers and small networks.The firm says it has already more than doubled in size during 2007 and is on target to do £1.4bn in lending.It says that its target for 2008 is to […]

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