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Nick Kirwan to take over from Richard Walsh as head of protection at ABI

ABI head of health and protection insurance Richard Walsh will leave the ABI at the end of June with ABI Protection Committee chairman Nick Kirwan taking his place.

Kirwan, who resigned from Scottish Widows in April this year, will be employed on a six month consultancy basis pending a formal recruitment process.

He says: “I’ve enjoyed working with the ABI as Chair of the Protection Committee and I’m really looking forward to joining the team. The ABI has achieved a huge amount in the health and protection arena but there is still a lot more we can do. It promises to be an exciting challenge.”

Walsh says: “I have enjoyed my stay at the ABI immensely but after six years, have decided it is time to move on. I would like to thank all those who have enabled me to achieve so many good things. I am particularly proud of the genetics moratorium, the changes in the way insurers treat gay men and, most recently, the progress we have made on improving insurance applications to get better disclosure. This is now bearing fruit, with fewer declined claims. For the future, I am planning to work in collaboration with others in the health and protection sectors and beyond, both as a commentator and in developing policy and strategic thinking.”


FSA backing banks for the mass market

Advisers are baffled by an FSA invitation to banks to come up with a mass market advice proposition that does not use current commission models.The FSA says high-street banks could provide the solution to the mass market advice “conundrum”. But it has also suggested that such a solution would need to be free from the […]

Aviva chief to work for charity in Africa

Aviva chief executive Richard Harvey will spend a year in Malawi and Kenya with the sustainable development charity Concern Universal when he quits his job next month and will work with his wife Kay Harvey in rural communities on a range of projects.

Mortgage costs to force down prices

Advisers predict house prices will fall following research which shows that first-time buyers and homemovers are paying the highest mortgage costs in 15 years.The Council of Mortgage Lenders says interest payments are now 18.7 per cent of first-time buyers’ income compared with 18.3 per cent in March. Homemovers are paying 16.3 per cent, up from […]

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda


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