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S&W hires former Liontrust distribution head Mickey Morrissey

Smith & Williamson Investment Management has hired former Liontrust head of distribution Mickey Morrissey to head up its IFA sales team.

S&W says Morrissey’s appointment is part of its plans to build its discretionary fund management and guided architecture outsourcing services for IFAs.

Money Marketing’s sister title Fundweb revealed that Morrissey left Liontrust in July. He had been at the asset manager since 2002 having previously worked at Merrill Lynch in a similar role.

Morrissey has joined S&W with immediate effect and reports directly to head of marketing and sales Nick Hodgson

Hodgson says: “This is a major statement of intent on our part regarding the promotion of our outsourcing capabilities to IFAs.

“We already have IFAs using our outsourcing services, and Mickey will develop sales further utilising his extensive IFA contacts. He has over 20 years sales experience, is well-known to many advisers, and we are fortunate to have a high-calibre individual leading this new sales initiative.” 


IFA Life rebrands as LifeTalk

Adviser social media website IFA Life has rebranded as LifeTalk to reflect changing market trends. A message to members from the site’s founder Philip Calvert (pictured) yesterday confirmed the name change. Calvert says: “As we say goodbye to 2012, it has become clear that the term IFA is reaching the end of its shelf life. […]


Ex-care minister: Restrict fuel benefits and cut CGT relief to fund Dilnot

Former care services minister Paul Burstow says winter fuel payments should be means tested and capital gains tax relief on death should be scrapped to help pay the £1.7bn cost of Dilnot’s long-term care reforms. According to the BBC, a report by Burstow and thinktank Centre Forum says scrapping the payments for three quarters of […]


FSA fines Co-op for mishandling PPI complaints

The FSA has fined the Co-operative Bank £113,000 for mishandling payment protection insurance complaints. The regulator says the Co-op failed to pay due regard to the interests of customers and treat them fairly in the period between January 2011 and May 2011. The period is prior to the conclusion of a judicial review against new […]


Labour plans pension tax relief cut to pay for job schemes

Labour will today unveil proposals to cut tax relief on pension contributions for the highest rate taxpayers to 20 per cent to fund a £1bn compulsory job scheme for the long-term unemployed. According to the Financial Times, shadow chancellor Ed Balls will announce the plans later today, which would limit tax relief on pension contributions […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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