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Eurolife replaces Wootton

Eurolife Assurance is appointing Nick Greenwood as chairman and managing director.

Greenwood takes over as managing director from David Wooton who was forced to step down following an investigation by the FSA.

Greenwood was formerly an independent life insurance consultant and was a director and general manager of Windsor Life from 1994 to 2001.


Aberdeen to spin off Property Investment Arm

Troubled fund manager Aberdeen Asset Management is attempting to raise capital by separately floating its property investment management division on the LSE.While it intends to maintain a “significant minority shareholding” in Aberdeen Property Investors, it will lose control of the division which manages some £6bn in assets and accounts for 26 per cent of the […]

Take the lead

Why is that the FSA pays so much heed to the Consumers&#39 Association and proposes some bizarre and unnecessary regulations?The latest folly to come out of Canary Wharf is the news reported by Money Marketing (October 10) that the FSA is proposing to ban mortgage brokers from cold-calling.The reason for this? Because life insurance salesmen […]

Flexibility under fire

Angry mortgage lenders are warning that the EU consumer credit directive is fatally flawed and could kill off the blossoming flexible mortgage market.The Council of Mortgage Lenders welcomed the Treasury&#39s regulatory regime for mortgages announced last week but has slammed the EU credit plan, which is on its way to becoming European law. The CML […]

FSA suspends IFA firms

The FSA has this week suspended three IFA firms, preventing them from carrying out any regulated business. The firms are Gallagher & Company of 17 Malone Court, Downpatrick, Co. Down, Allan Austin Investment Services of 16 Carmel Street, Abertillery, Gwent and Midgley&#39s Insurance Mortgage & Pensions of The Studio, 20 Stony Lane, Eccleshill, Bradford. Gallagher […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


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