Winterthur Life has announced Chris Schnor is to become chairman of Winterthur UK Financial Services Limited. Schnor, 43, was previously executive board member and regional chief executive of Winterthur's Market Unit Other Europe and Asia, Schnor, 43, originally joined the Winterthur Group in 1990 as technical director in the European division in Switzerland. He will now sit on the Winterthur Group board and reports directly to the group chief executive. He will be responsible for life and pensions and general insurance in Italy, Belgium, Spain and Central and Eastern Europe and life and pensions in the UK.
View more on these topicsNews
FSA to probe Pearl staff over misselling claims
Up to 35 Northern Scotlandbased sales staff at Pearl are being investigated by the FSA concerning allegations of sales irregularities.A spokesman for trade union Amicus which represents the workers says about 35 sales staff, the majority of whom are waiting for redundancy payments from Pearl after its salesforce was closed, are being investigated by the […]
ABI says FSA admits problems extending Sandler WP reforms
The FSA has conceded that there would be difficulties in extending the Sandler withprofits reforms across the industry, according to the ABI.In its response to DP20, which considers the viability of extending the Sandler recommendations to all with-profits products, the ABI says the regulator has correctly poin-ted out the obstacles to industrywide implementation of the […]
Wig starts new search for Woman of the Year
The Women's IFA Group is again embarking on its search for the Female IFA Of The Year.It says that in a predominantly male industry, the award sets out to demonstrate the success of women.Sponsored by Scottish Equitable, Wig launched the second annual award on May 20. Entrants can nominate themselves or their names are put […]
New Star International – Strategic Government Bond Fund
Type: Offshore Oeic Aim: Income and growth by investing in US-denominated Government bonds Minimum investment: Lump sum $5,000, Œ5,000, £3,500 Yield: 5% a year Investment split: 35% US, 31% Latin America, 22% Europe, 6% Asia, 6% other Place of registration: Dublin Charges: Initial 5.25%, annual 1.25% Commission: Initial 3%, renewal 0.3% Tel: 00 353 1475 […]
How QE is distorting the gilt market
By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]
Newsletter
News and expert analysis straight to your inbox
Sign up
Bankers and celebrities sue film tax scheme Ingenious
A group of 500 people have launched legal action against Ingenious Media saying they were misled about film investments that were later deemed to be tax avoidance by the government. According to Bloomberg, which cites court documents, employees from companies including Goldman Sachs, Lloyds Banking Group and HSBC are part of the action. British composer Andrew Lloyd-Webber is […]
Hornbuckle owner returns to profit as Sipp clients increase
Embark Services returned to profit in 2017 as it reported an increase in self-invested personal pension clients. Embark Services is a subsidiary of Embark Group that trades under the Hornbuckle and Embark brands. The business reported pre-tax profit for the year ending 31 December 2017 of £136,000 compared with a loss in 2016 of £2.4m. […]
Architas UK net inflows drop 70%
Architas UK has seen inflows drop by just over 70 per cent in the first half of the year. The Axa-owned asset manager reported £152m net inflows for the first six months of 2018, compared with £546m in the first half of 2017. Globally, Architas’s net inflows dropped to €797m (£710.6m) in the first half […]
Comments