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Amvescap executive chairman to step down

Amvescap executive chairman Charles Brady says he may be quitting his current role within the next two or three years.

Brady says he will step back from the hands-on running of the company but will stay on as non-executive chairman in a move which may trigger a power struggle between Amvescap&#39s four division heads.

Amvescap says the decision to split the role of chief executive and chairman had been made before the ABI began campaigning to such companies to make the jobs separate.

Brady says he knows who the front runners to be new chief executive are but does not know which one of them will be chosen.


Sun Life Financial retrains salesforce

Sun Life Financial of Canada demob ilised a third of its salesforce following concerns about standards of training and competence.SLFoC took its 750-strong salesforce off the road in two tranches to give them training on its new bespoke software system.The company had put the full salesforce back on the road but then took around 220 […]

Ecclesiastical offers alternative route to life fund

Ecclesiatical Insurance Group is targeting its with-profits bond at older investors with a lump sum of £5,000 to invest. The bond has been established as an alternative route into the Ecclesiatical Life Fund, which consists of UK shares, fixed interest securities and other investments. Before the introduction of the with-profits bond, investors could only access […]

Nationwide gets the best press

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Mortgages plc picks business team to develop sub-prime sales through IFAs

Specialist lender Mort gages plc is setting up a new business development team targeting introducers and IFAs in the sub-prime market.The non-conforming len der says the team is being established to provide a dedicated service. It says introducers can view the team as a helpline which will offer assistance on decisions in principle, specific case […]


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