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Real story behind Equitable with-profits figures

Warning to Equitable mem-bers, IFAs, tied agents and Money Marketing. Likemost people, I have read in the papers and some financial publicationsheadlines such as Equitable cuts values by 16 per cent plus they will losean extra 7.5 per cent if they move. The implic-ation is that a person whostays loses 16 per cent, a person […]

RLAM poaches Gartmore head of UK equities

Royal London Asset Management has appointed Andrew Carter as its new chief investment officer.Carter, who will join RLAM in September, leaves Gartmore, where he was head of UK equities and a member of its investment executive committee.He has been at Gartmore for 14 years and head of its UK equities team since 1999.

Sun Bank profits up 39 per cent

Sun Bank pre-tax profits jumped 39 per cent to £6.2m from £4.46m for the first six months of the year. Assets under management rose 16 per cent to £1.3bn from £1.1bn and lending increased 14 per cent to £156.8m from £137.5m. Customer deposit accounts increased 13 per cent to £1.1bn from £974m. The bank has […]

Dresdner RCM appoints regional sales manager

Dresdner RCM Global Investors has appointed Craig Macindoe as its new regional sales manager for Scotland, Ireland and north of England.Prior to joining Dresdner, Macindoe was an IFA, and has also worked on the sales side for both Scottish Equitable and Scottish Provident.In his new role, he will report to Dresdner head of retail sales […]

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