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Standard Life Investments appoints Crombie replacement

Standard Life Investments has appointed Keith Skeoch acting chief executive, replacing Sandy Crombie who moved into the Standard Life group chief executive post on 13th January following the resignation of Iain Lumsden.
Former Mercury Asset Management chairman Hugh Stevenson has been appointed non-executive chairman of Standard Life Investments in place of Sandy Crombie. Additionally former global head of equities at UBS Warburg Colin Buchan has been appointed non-executive deputy chairman. Both Stevenson and Buchan are already non-executive directors of the company.
Skeoch says: “I look forward to working closely with our new chairman, Hugh Stevenson and our new deputy chairman, Colin Buchan. They both have huge experience of the city and have managed large financial businesses around the world. Their deeper involvement provides further evidence of the commitment at Standard Life Investments to create a world class asset management company.”


Alexander Forbes snaps up The Bureaux

Corporate pension IFA Alexander Forbes Financial Services has acquired The Bureau, the holding company of The Annuity Bureau and other specialist IFAs. In a bid to strengthen its position in the annuity broking market, AFFS has bought TAB for an undisclosed amount, bringing under its umbrella The Drawdown Bureau, The Care Funding Bureau and The […]

FSA release PI guide

The regulator has published a guide to getting professional indemnity insurance in a bid to give IFAs a greater insight into the PI market. The guide includes information on how IFAs can improve their systems and present their risk more effectively to insurers. The guide runs through some of the factors that PI providers take […]

Unicorn launches new VCT share issue

Unicorn AIM Venture Capital Trust has launched a new series of shares. The company has issued up to £20m of new shares which will qualify for tax relief. The original Unicorn AIM VCT Fund raised £35m in the 2001/2 tax year. Since its launch date in October 2001 to end December 2003 it has provided […]

Abbey call for FSA protection rethink

Abbey protection head Nick Kirwan is calling for the FSA to reconsider its stance on the definition of pure protection products before regulation of the sector starts and causes erosion of customer choice. Under current regulations, which were finalised last week, products such as term, income protection or critical illness which have contracts running over […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]


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