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MGM Advantage recruits former Skandia director Jim Roberts

MGM Advantage has appointed former Skandia group investment director Jim Roberts as a non-executive director.

Roberts, who spent 26 years at Skandia, will chair the annuity specialist’s investment committee.

Roberts is currently a non-executive director of Sarasin & Partners LLP and an adviser to SimplyBiz. He is also chair of the investment committees at Verbatim Asset Management and Insynergy Investment Management.

MGM Advantage chief executive Chris Evans says: “Jim’s significant experience and understanding of the life insurance industry will be highly beneficial to MGM Advantage as we enter the next phase of our ambitious growth plans.”



Virgin Money to sponsor Newcastle United

Virgin Money has agreed a two-year shirt sponsorship deal with Newcastle United which will run until the end of the 2013/14 season. Virgin will also assume sponsorship of the club from Northern Rock for the remainder of this season, following Virgin’s successful acquisition of the state-backed bank on January 1. Virgin Money announced the acquisition […]

Life settlements in spotlight again as US regulator probes brokerage

US regulator the Securities & Exchange Comission has charged a life settlements brokerage and three senior executives for their involvement in a fraudulent disclosure and accounting scheme. The probe relates to Texas-based company Life Partners Holdings, and has seen Brian Pardo, chairman and chief executive, Scott Peden, general counsel, and David Martin, chief financial officer, […]


Euro pact rules could be forced on UK

Strict fiscal rules being considered for the eurozone in response to the sovereign debt crisis could be applied to all member states within five years, according to a draft of the pact. The International Treaty on a Reinforced Economic Union would see countries signing up to it allowed to run deficits of just 1 per […]


Unite rejects NHS pensions deal

Trade union Unite has unanimously rejected the Government’s latest proposals for reform of the NHS pension scheme. The key features of the agreement for NHS workers included moving to a career average scheme, bringing retirement ages into line with the state pension age, introducing an accrual rate of 1/54th of earnings, and revaluing pre-retirement benefits […]


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