Horlick 'is not going Down Under'

FUND manager Nicola Horlick's plans to move to Australia to manage £30bn funds for the AMP financial outfit have run into problems.

The Sunday Times says that Horlick, who spent the autumn Down Under preparing for her new job, is back in Britain and it is not clear whether she will go back to Sydney.

Horlick was to have started her £340,000-year new job at the turn of the year.