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Foresters’ chief Rothery becomes friendly president

Foresters Friendly Society chief executive Mark Rothery has been appointed president of the Association of Friendly Societies.

Rothery’s entire career has been in financial services. He joined the Ancient Order of Foresters in 1991 and became chief executive of Foresters Friendly Society four years ago.

The AFS represents over 50 friendly societies, with funds under management totalling 16bn, specialising in low-cost products designed for low-income familiesRothery has streamlined the structure of 170-year-old Foresters, cutting running costs from 4.5m to 3m. The society’s total premium income has more than doubled to 12m. Total assets have grown from 111m to 142m to make Foresters the 12th-biggest friendly society.

AFS public and external affairs committee chairman Malcolm Berryman says: “Mark has the dedication and vigour necessary to help the AFS and its members in moving forward at this time of great change. We are looking forward to working alongside him and wish him all the best.”

Rothery says: “It is a great honour to become president at such an exciting time for the financial services industry.”


Hartford appoints six asset managers

Hartford Life has signed up six external asset managers to run funds for inclusion in its Hartford Gold unit-linked investment bond offering. Hartford worked with Old Broad Street Research to pick the managers and has signed up Barclays Global Investors, Fidelity, Invesco Perpetual, Investec, New Star and Schroders. The bond will be sold through IFAs […]


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