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Wesleyan appoints new managing director

Wesleyan Assurance has appointed James MacDonald as its new managing director.

MacDonald was previously managing director of Rover Cars UK and of BMW Financial Services.

He will take up the role in December.

Wesleyan chairman and acting managing director Lowry Maclean says: &#34This appointment demonstrates the Wesleyan&#39s commitment to differentiate itself in the financial services industry by taking the opportunity to recruit a highly experienced professional manager from outside the industry.

&#34James with his experience of brand development and strong customer service focus keenly honed in the motor industry, is the right man to lead the group into the Millennium.&#34


Stakeholder setback as Government loses vote

The Government&#39s stakeholder pension project has suffered a setback after it lost a crucial vote.Tory peers won a vote to raise the 75 year age limit for stakeholder annuity purchases during a House of Lords reading of the Welfare Reform and Pensions Bill.During the debate Baroness Hollis accepted the Government has three options for dealing […]

Abbey National securitises 10 per cent of mortgage book

The Abbey National is planning to securitise 10 per cent of its £60bn mortgage book according to the Financial Times.The move is seen as an attempt to free up its balance sheet so it can increase its market share.This week Abbey will issue a £1bn mortgage backed bond as part of the package to take […]

Liberty International announces new appointments

Liberty International has announced two director level appointments.Marc Hommel is promoted to the position of director at Liberty International Financial Services the holding company of Liberty International from his current position of managing director at Liberty Pensions.Kippa Alliston takes over from Hommel as managing director at Liberty Pensions. He will be responsible for group personal […]

IFA publishes retirement planning guide

Bath based IFA Chartwell Investment Management is offering people guidance through the complex maze of retirement products.The &#34Guide to Retirement Options&#34 provides explanations of the products available. It also supplies details of the advantages and drawbacks of the different types of annuity as well as phased income withdrawal and the effects of commission.The guide is […]


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