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Axa Sun Life picks chief exec

Axa UK has appointed Paul Evans as the new chief executive of AXA Sun Life. Evans 38, was previously the Axa group finance director and before that director of PricewaterhouseCooper&#39s insurance practice.

Evans will take on the role immediately, replacing Andy Haste who joined Royal & Sun Alliance as chief executive in April.

An announcement is still to be made on his replacement.

AXA UK group chief executive Dennis Holt says: “Paul has helped shape the strategy for our UK business going forward and is well qualified to lead our life operation into the next phase of development.”


Depolarisation will lead to narrow panels says E&Y conference

Polarisation will lead to IFAs moving to narrow panels offering consumers a restricted choice according to a survey of delegates at the Ernst & Young Financial services Summit in Edinburgh today. A poll of delegates shows 74 per cent believe depolarisation will lead to major IFAs offering a narrow product range, while 26 per cent […]

Class Law wins investor full split-cap settlement

Solicitor Class Law has secured a full settlement for a victim of thesplit-capital investment trust scandal in a move it believes couldlead to compensation for thousands of investors.Class Law says an unnamed IFA who sold the investor units in AberdeenAsset Management&#39s collapsed progressive growth fund has agreed torepay the investor&#39s lost capital, which is thought […]

AMP retreat throws up several concerns Better than nothing

It always sounded just like so much hot air. AMP&#39s old UK strategyrelied on all manner of Government promises coupled with a huge dosesof wishful thinking. Great things were expected of low-cost salesmulti-ties and 1 per cent products. Other should take note. Now AMPis retreating back to Australia, leaving something in the UK to beknown […]

Cutting through the PI confusion

The issue of PI cover and the effect not only on IFAs but on clientsas well is just not being addressed by the FSA. If I hear correctly,the FSA states that there is no necessity to advise clients that anIFA no longer has PI cover, where the FSA permitted that IFA tocontinue in business because […]


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