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Paul Cowman quits Just Retirement

Just Retirement head of equity release and protection Paul Cowman has left the firm and is looking for opportunities to get back into the mainstream protection market.

Cowman joined the equity release and annuity provider from Prudential last April. He was in charge of developing a range of protection products for consumers in or approaching retirement.

Cowman decided to move on after the firm chose not to pursue its original protection plans.

Cowman says: “Just Retirement decided it didn’t want to pursue its original thinking for protection so I am looking at a number of opportunities and talking to people about moving back into mainstream protection which I am really excited about.”

The news comes after Standard Life head of marketing Mick James announced he is leaving the firm for reinsurer RGA. James will be an account manager at the firm from the end of March, working alongside head of business management Jason Hurley. Standard pulled out of the protection market in December.

James says: “I’m really looking forward to moving to RGA – if they’ve got an opinion they’re not afraid to say it. I’m thrilled I can stay in the protection market and will try to move this business forward.”


Skandia profits rise 29%

Skandia UK and Offshore has announced net client cash flows of £3.9bn for 2007 and an increase in profit of 29 per cent to £173m. It says its strategy of designing products and financial solutions solely for distribution via financial advisers is key to this success.Skandia UK’s gross sales during 2007 were £8.6bn with funds […]

IMA will not oppose bond tax plea

The Treasury could recons-ider its controversial capital gains tax changes after the Investment Management Association said it will not oppose new proposals from the Association of British Insurers.The IMA has supported Chancellor Alistair Darling’s CGT reforms, which would see mutual funds subject to a new 18 per cent flat rate while higher-rate taxpayers with bond […]

Lords win changes

The Government secured the passage through Parliament of the emergency bill to nationalise Northern Rock after making some concessions to peers.After clearing the Commons, the Banking (Special Provisions) Bill was defeated three times by the Lords but peers backed down after a number of concessions were made by the Government.The Government committed to publish a […]

Alliance Trust appoints John Hylands as NED

Alliance Trust is appointing John Hylands as non-executive director with immediate effect. Hylands will join the audit committee, becoming its chairman when current chairman Gordon McQueen resigns on March 31. He joins Alliance Trust after a 28-year career at Standard Life. During this time he was finance director from 2001 to 2005 and led the […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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