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Boost for PI as US firm gets go-ahead

The IFA professional indemnity insurance market received good news this week when it emerged US underwriter WR Berkley Insurance has been authorised by the FSA.

While the firm will not specifically target IFAs, chief executive Stuart Wright says there are no barriers to offering cover to IFAs and he expects to do so to firms deemed to be a good risk.

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Pickering says public will realise Isas beat pensions

Alan Pickering, the author of the Pickering review on pension simplification, has accused pensions minister Malcolm Wicks of living in cloud cuckoo land if he thinks consumer education is going to solve the pension crisis.Speaking exclusively to Money Marketing last week, Pickering attacked Government pension policy, claiming educated consumers would realise they are better off […]

Zurich pledges UK commitment

The Zurich Financial Services Group is stressing its commitment to the UK life industry after a deal which will see it close Zurich Life and sell it to Swiss Re for £285m.The deal includes £149m cash to be paid when the transaction is completed, expected to be by the end of the year, with the […]

SWIP appoints investment director UK retail equities

Scottish Widows Investment Partnership has appointed Peter Cockburn as investment director of UK equities retail.He will join in October and be responsible for a number of SWIP&#39s retail funds. He will report to recently appointed head of UK Equities Robert Waugh. Cockburn is currently Investment Manager – UK equities at EFM where he covers construction, […]

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