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Vote keeps Clarke as Savoy chairman

An EGM vote seeking to remove ex-Chancellor Ken Clarke as chairman and director of Savoy Asset Management was defeated.

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Correspondent’s week

This week by Daily Telegraph investment columnist Tom StevensonIt seemed like a good idea at the time – going freelance. No more dreary Sundays in the office struggling to follow up someone else’s story or sitting around just being there when your work was long done – the curse of presenteeism.

FSA rethinks pension guide

The FSA has updated its guidance to employers operating stakeholder or group per- sonal pensions in light of rec-ent legislative changes. The guide explains to emp-loyers what they can do to help their staff understand the pension scheme they are offering. Employers which meet certain conditions set out in the guide are now able to […]

Furness links up with Mortgage plc on non-conforming deal

Furness Building Society is launching into the non-conforming mortgage market with a distribution agreement with Mortgages plc. Furness will market the entire Mortgages plc product range to intermediaries using jointly branded marketing and promotional material. A specialist team has also been set up within the Furness Direct operation.

Framlington’s second Aim VCT seeking 35m

Framlington is looking to raise 35m with the launch of its second Aim VCT. Brian Watson, who runs the firm’s first Aim VCT, which raised 24.6m in 2004/05 after being launched last December, will be lead manager. Watson will be supported by the UK team, which inclu- des Roger Whiteoak, Nigel Thomas, Richard Peirson and […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]

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