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St James's Place chief reveals move that insulated investors from Woodford


When the downfall of star stock-picker Neil Woodford trapped the savings of hundreds of thousands of investors, it sent shockwaves through the City.
Private investors were suddenly told they would be unable to withdraw their money until Woodford s funds were unfrozen.
Yet at FTSE 100 financial advice giant St James s Place, chief executive Andy Croft was not panicking.
Strategy: Andy Croft set up an academy to train financial advisers
Yes, many of his 800,000 clients had been invested in funds run by Woodford. And yes, some had seen their savings take a hit as Woodford s performance slumped.
But Croft, 56, could afford to stay calm thanks to the peculiar way that St James s Place invests its clients cash. ....

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Best Book of 1946: The Years of Anger | Robert Chandler


The Years of Anger by Randall Swingler is the best book of 1946.
During the 1930s, Randall Swingler (1909-67) was a well-known public figure in Britain. A committed Communist, endowed with both charm and formidable energy, he published poetry and critical articles, edited literary/political magazines and organized cultural events. In 1939, for example, he put on a ‘Festival of Music and the People’ that filled the Albert Hall. This featured music by a variety of composers such as Vaughan Williams, and the star singer was Paul Robeson; Swingler himself wrote the text for the historical pageant that constituted one of the three concerts. ....

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