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Vertex picks duo for board

Vertex has appointed two divisional directors to sit on its main operating board.

Vertex Life Pensions and Distribution managing director David Child and Vertex Mortgages and Banking managing director David Edwards will join the main board, which is led by chief executive Richard Graham.

Child is also managing director of The Exchange, which he joined in 2003 as chief operating officer.

He says: “This is an exciting time for the financial services market and, in particular, the adviser sector. In the past few months, we have won some excellent new accounts and launched more innovative services both for our portal and back-office clients.”


Investec warns on Kensington’s profits

Investec has issued a profit warning for Kensington Group following the recent volatility in the money markets saying it expects lower profitability from its initial projections.Investec’s pre-close briefing says Kensington will tighten it’s lending criteria, increase pricing and alter the mix if its product offering.It says a consequence of this strategy will be lower volumes, […]

On a road to nowhere?

A lot of time and marketing have gone into pushing absolute return and total return vehicles over recent years and now is the time for them to prove their worth but they have been somewhat hit and miss.For this erratic performance, the industry has paid an ever rising cost for actively managed funds.As funds have […]

Domestic disturbance

Changing consumer attitudes in Asia will be a key driver of the world economy

Paul Wilcox

A background in mechanics and accounting has helped the founder of IHT planning specialist Way Group design the sort of engineered strategies needed to mitigate against the tax in an era when booming house prices have pushed more people over the threshold. By Will Henley


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