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.
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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 […]
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Beaufort Investments appoints new CIO
Discretionary fund manager Beaufort Investment has promoted internally to fill the position of chief investment officer and has also appointed a new funds research executive. Beaufort Investment is part of the vertically integrated Beaufort Financial group. Head of portfolio construction Shane Balkham has been appointed as CIO and investment analyst Emma Clarke has been named […]
Profile: ‘We could be facing a constitutional crisis in the UK’ says Leodis chief
New Leodis Wealth chief executive on supporting clients through the chaos caused by the UK’s exit from the EU The long and tortuous road to Brexit has taken us from a political soap opera to what many regard as a tragedy over the past two-and-a-half years. Whatever drama is yet to unfold, the message that […]
Five minutes with…The Lang Cat’s Steve Nelson
Consulting director at The Lang Cat Steve Nelson talks making sure clients know what they’re buying and the joys of research ahead of his appearance at Money Marketing’s flagship conference. What one word or phrase do you think sums up the state of the financial planning profession today? I’m going to defer to our adviser […]
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