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History man picked as ZFS life chief executive

Zurich Financial Services Group has appointed David Sims as chief executive of the UK life insurance business following Lawrence Churchill stepping down last month.

Churchill had been in charge of ZFS UK, Ireland and international business for just 18 months after joining from Unum Provident in 2002.

Since the management restructuring in May, chief executive of the global life insurance business Paul van de Geijn has been looking after the UK business.

Sims has held several pos-itions in ZFS, including UK life developing distribution director and group marketing director. Since 2002, he has been Zurich International Solutions managing director. He has a BA degree from Kings College, London in medieval and modern history.

Van de Geijn says, based on Sims&#39 track record, he expects him to deliver fundamental changes in the UK life business. He says: “This requires the strengthening of the manufacturing and distribution functions as well as improving the segment&#39s profitability.”


Bank fined after credit limits were breached

Private bank Leopold Joseph & Sons has been fined £85,000 by the FSA for serious failings in monitoring credit limits. The bank, based in London and Guernsey, failed to undertake improvements to its credit limit monitoring systems after an FSA visit in 1999, which led to a client&#39s credit limit for foreign exchange transactions being […]

Skipton launches new mortgage range

Skipton Building Society has launched a new range of mortgages which includes a flexible three year fixed rate mortgage at 5.69 per cent, a flexible three year capped rate mortgage at an initial rate of 4.99 per cent (capped at 5.75%) and a flexible base rate tracker at an initial rate of 4.50 per cent. […]

Make the people who misinformed pay for pensions

Andrew Verity asked: “should Andrew Smith be praised or attacked for the dramatic last-minute amendment to the Pensions Bill?” (Money Marketing, May 27). He then goes on to say that he is politically neutral. It is a pity that people can&#39t be neutral on pensions. In the same issue of Money Marketing, pension consultant Ros […]

Be logical

What differentiates an investor from someone who chooses to spend all his disposable income? Available wealth aside, a willingness to plan for the future and an ability to take a long-term view are key factors. Investing requires a cool head and careful consideration of the choices on offer. Periodically, investors need to review their financial […]


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