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That&#39s my boy

Every mother chronicles the milestones in her child&#39s career with a heart swelled to bursting with maternal pride. But it seems that some mothers go to greater extremes than others to commemorate the moment when the apple of their eye reaches the pinnacle of their profession.

Some might even go so far as to video each billboard from Coventry to London which bore the image of her darling boy. Well, such is the case with the mum of Isis head of fund of funds Richard Philbin.

Mrs Philbin has allegedly travelled the 100 miles from Coventry to the capital with a camcorder, recording the public presence of her little darling.

No garage forecourt gifts for you this year Mrs Philbin. By our reckoning, you should be getting the mother of all Chrimbo pressies in recognition of your singular dedication.

Mrs Philbin, the Diary salutes you. Richard, get to the shops.


Pension project in limbo as limit goes to audit test

The entire pension simplification review has been left in uncertainty after Chancellor Gordon Brown in his pre-Budget report on Wednesday ordered the National Audit Office to review the numbers affected by the £1.4m lifetime limit. Product providers say the Treasury is holding a gun to the head of the industry by threatening to drop the […]

Borrowers do not understand long-term risk says Miles

Mortgage borrowers attach much more weight to the initial monthly repayments they will have to make rather than the overall cost of their loan over its entire term, Professor David Miles has concluded in his interim report published by the Treasury today. The Miles Review of the UK Mortgage Market says that borrowers have a […]

New intermediary role for Kenmir in reshuffle at FSA

David Kenmir is to take on a new role as head of intermediaries in an FSA reshuffle. A document seen by Money Marketing outlining the changes reveals that the reorganisation will see Kenmir move from his position as director for investment firms to sector leader for retail intermediaries. He will also take on responsibility for […]

Legal & General bridges tax efficiency and growth

Legal & General has brought out the distribution trust, a unit trust which aims to balance tax efficiency and growth potential in the light of Isa changes next year. In April 2004, equity Isas will lose some of their tax efficiency, as it will no longer be possible to reclaim a 10 per cent tax […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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