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AMP appoint UK MD

AMP has announced that Tom Fraser will be appointed Managing Director of AMP&#39s UK financial services business (UKFS), subject to regulatory approval.

The appointment of Fraser continues the integration of AMP&#39s UK financial services businesses, Pearl, NPI and London Life into a single organisation, AMP UKFS.

Mr Fraser has been recruited from CGNU, where he held the position of Managing Director – Europe. Previously he was the Executive Director, International for Norwich Union.

AMP Chief Executive Officer Paul Batchelor said: “We are very fortunate to have secured the services of Tom, given his credentials and experience in the international and UK market.”


2001 onwards – a stalejp;der odyssey

We are going to be so busy over the next six months registering stakeholder schemes, fine-tuning administration systems, briefing employers and getting ready to sign up the first customers, we will hardly have time to look further ahead.So, before we begin the final lap of preparations, perhaps it is worth lifting our eyes to the […]

Splitting policies on Tep market

IFAs can raise more money for divorcing couples by selling their endowment policies on the open market, says traded endowment provider Absolute Assigned Policies.The market-maker says divorce accounts for 14 per cent of all policies sold.IFAs should be aware that if clients sell their policies to market makers they are likely to receive over a […]

Investec Fills Offshore Gap

Investec Asset Management aims to fill a gap in the offshore market with its sterling high income bond fund.Investing in corporate bonds in the UK and the US is not a unique concept as there are many onshore funds that already do this. But Investec are trying to widen the choice for offshore investors, particularly […]

NU withdraws Bicentenary bond amid rate row

Norwich Union is withdrawing one of its with-profits bonds due to the furore surrounding high headline rates.It is writing to IFAs about the decision to withdraw the Bicentenary bond this Friday.The letter says: “It is becoming increasingly obvious that with-profit investment bonds being sold on the basis of high &#39headline rates&#39 are potentially confusing and […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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