News reaches me of further new recruits at AXA. It seems that chief executive Peter Hubbard has brought in a new assistant and guess where the new assistant is from.

Yes, give yourself ten points if you said Lloyds TSB.

So the AXA list starts with Lloyds TSB man Dennis Holt, who was appointed last August.

He was then followed swiftly by former Lloyds TSB colleagues Peter Hubbard, Keith Gibbs and John Bines.

Is this a fiendish takeover plot by Lloyds TSB? I think we should be told.