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Standard Life increases China operation

Standard Life has secured a licence to operate in the Chinese city of Tianjin that will allow it to enter a joint venture with Tianjin Teda Investment Holdings. The 50/50 venture will start writing new business in 2003 in Tianjin, a city near Beijing with nearly 10 million inhabitants.

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TMB appoints new business director

Specialist lender The Mortgage Business has appointed Paul Graham, 32, as new business director. Graham has worked for TMB for 11 years accumulating experience in a range of roles from litigation to underwriting, including his most recent position as senior new business manager. TMB managing director Bill Dudgeon says: “Paul is a key member of […]

Gartmore offer on Euro and US funds

Gartmore is offering a 2 per cent discount off the initial charge for lump sum investments into its European selected opportunities and American growth funds.The offer, which is also open to Pep and Isa transfers, will run from November 4 to December 31.Gartmore head of UK retail Paul Feeney says: “With both funds retaining long […]

Scottish Life Mortgages goes national with loan club

Scottish Life Mortgages is starting the national roll-out of the mortgage club it has been piloting over the summer.The club has also announced a deal with Trigold to use its sourcing platform.SLM says it becomes the only life office to have a packaging arm and a club, which will negotiate deals for brokers, initially with […]

Aegon is shutting eight retail funds

Aegon Asset Management is closing eight of its retail funds, cutting the number in the range from 23 to 15 and, as a result, is pulling out of the Asian and emerging markets sectors.The move is part of a wider review of the firm&#39s retail presence. It says the funds being closed are not part […]

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