View more on these topics

Three top managers are leaving Sedgwick

National IFA Sedgwick Independent Financial Consultants is losing three key staff.

Processing manager Giles Hope, head of research Bob Marriott and head of marketing Andrew Oliver are leaving. No replacements have yet been appointed and only Hope has confirmed his leaving date, which is at the end of September.

Managing director John Dick says the departures are for “totally unconnected reasons” and nothing to do with Sedgwick&#39s recent takeover by Woolwich and consultants Marsh McLennan.

Marriott is moving to McLennan. Hope&#39s role became redundant due to a change in systems. Oliver says he is leaving as he wants “a new challenge” as well as for family reasons.

Dick says: “We are a new company under new management. We have a new attitude and intend to grow and develop the business by spending both time and money on it.”


Egg losses increase

Egg, the internet bank reported a loss of £80.7m in the six months to June, bringing its total losses so far to nearly £295m. Losses were greater than expected by the online arm of Prudential. On the news, share prices tumbled another 5 per cent to 128p from 134.5p. This means the shares have lost […]

Confusion reigns

Do you think the entrance of the General Insurance Standards Council into the regulatory arena will confuse consumers and make more work for mortgage brokers?MG: Without doubt. A consumer regards a mortgage as a single product. However, a well constructed mortgage by a professional mortgage broker will consist of a number of elements. For example, […]

Consumer panel chairwoman tells of &#39uneasy&#39 relationship with regulator

The FSA&#39s consumer panel will champion the consumer cause even if it strains its relationship with the FSA, according to panel chairwoman Barbara Saunders.Saunders was speaking at the first FSA AGM last week. Her comments come as it is revealed the consumer panel has recently appointed a spokesman from outside the FSA to speak on […]

Open up the alternative markets

“Death knell” and “wake-up call” seem to be key items in the vocabulary ofany article linking stakeholder pensions and IFAs. In financial parlancethis is, of course, a form of hedging.On the one hand, IFAs could be decimated by the introduction ofstakeholder pensions, or evolving IFAs could survive and thrive.There is no evidence yet to suggest […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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