View more on these topics

SVM replaces investment team defectors

Investment boutique Scottish Value Managers has taken on three managers to rebuild its investment team after a series of defections.

Hugh Cuthbert, Hector Kilpatrick and Neil Veitch join the firm from Kempen Capital Management.

SVM says it anticipates being up to full strength by the end of the year.

Cuthbert will run the continental European fund, form-erly run by Paul Casson before he quit to join Hendersons in October. His replacement, Andrew Dykes, also quit after two weeks.

Kilpatrick will run the firm’s SVM UK alpha fund and Veitch will run the UK opportunities fund, replacing David Stevenson and Andrew Kelly, who also left in October to set up Britannic’s UK boutique.

After losing four managers in a month, SVM was criticised by Hargreaves Lansdown head of research Mark Dampier, who felt they needed to be given more incentive to stay.

Spokesman Roland Cross says: “We should now see a little bit of stability coming into the business. The new managers will be given the right to take share options in the business and the key thing now is for SVM to capitalise on its investment process.”


CII set to bring in modular diploma from 2006

The Chartered Insurance Institute is introducing a new diploma in financial planning in 2006 as part of its phased replacement of the AFPC with a new modular system. The changes, eight years after the last review of the AFPC, will reflect changes in the regulatory and distribution landscape. Seven new units will be added including […]

Threesixty offers guides to equity-release issues

Threesixty Services has published new guidance designed to help IFAs grapple with the intricacies of business strat-egy, risk management and inheritance tax planning in relation to equity release. The first guide, on business strategy and risk management, is aimed at helping senior managers in IFA firms adapt to the increased FSA requirements to adopt improved […]

Swiss Re poised to buy GE Insurance Solutions for 4.16bn

Swiss Re is understood to be purchasing the insurance solutions arm of General Electric for 4.16bn.The takeover is expected to shake up the protection market due to Swiss Re’s and GE’s opposing stances on guaranteed rates, while investors are understood to be worried about a lack of synergies between the two firms.The reinsurer says funding […]

O Canada!

Musing on such matters as the Widow shock, The Diary recalls that it has recently come across photographs of this gorgeous lady pictured here on the right complete with fetching tartan skirt. which appears to be distributed around the bars and phone boxes of London’s Soho, near The Diary’s headquarters. Apart from the coquettish smile […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm