View more on these topics

Sir Derek Higgs, chairman of A&L, dies

Alliance & Leicester chairman Sir Derek Higgs, 64, was taken ill on Monday 28 April and died in a London hospital during the afternoon.

Deputy chairman Roy Brown is to act as interim chairman. Chief executive, David Bennett, who has been ill for some time, returns to work on 6 May.

Brown said: “It was with shock and sadness that we learned of Derek’s sudden and unexpected death and our thoughts are with his family.

“Derek made an outstanding contribution to British business and was a well-known figure in the City; he was a pleasure to work with.”

Sir Derek, knighted in 2004, will be remembered for his report, The Role and Effectiveness of Non-Executive Directors. This was commissioned by the government in 2002 and established the ”combined code,” under which companies should have a majority of independent directors and should not ordinarily appoint the chief executive officer as chairman.


Pru reports £51m in Q1 advances

Prudential has reported its highest sales in a quarter since entering the lifetime mortgage market in 2005.

C&G’s commitment to brokers questioned

Cheltenham & Gloucester is being accused of bypassing brokers by encouraging estate agents’ inhouse brokers to submit applications via branches to avoid delays.Sources say an internal email was sent by C&G group managers telling staff to contact inhouse brokers and tell them to submit applications via its instant offer system, which is only available to […]

A&L pays tribute to chairman

Alliance & Leicester has paid tribute to the “outstanding contribution” to British business by its late chairman Sir Derek Higgs.

Vision gets green light on insurance

The Financial Services Authority has granted Vision Network permission to sell insurance and pensions. Vision plans to offer a full wealth management service.

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]


News and expert analysis straight to your inbox

Sign up