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People on the move: Distribution

Towergate Financial has appointed Steve Petrie as a director in its private client business. He was the owner of City IFA Alexander William.

Cavendish Asset Management has appointed Tyrone Long as sales manager as part of its expansion programme in the retail market. He has over five years of financial service sales management experience, having worked held sales manager roles with Mitonoptimal Asset Management and MLC Investment Management.

Aegonhas appointed Iain Black as chief operating officer of distribution. He will work with Origen managing director Stephen Greenstreet and Positive Solutions chief executive Jim Reeve to ensure strong operational performance and effective resourcing.

Black led a number of Aegon business development projects, including the launch and development of its Dublin business, and spent two years as operations director of Aegon Ireland. Most recently, he was managing director of Aegon’s group risk business.

Aegon has also appointed Patrick Gale as chairman of the distribution board, the non-executive board which oversees the distribution businesses. He was chief executive of Sesame Group from 2000-07, after which he joined Just Retirement as chief operating officer but left the company in October 2008.

Bankhall managing director David Golder has left the group. Sesame Bankhall chief operating officer Stephen Young takes over responsibility for the business. Friends Provident-owned Sesame bought Bankhall from Skandia in October last year. Golder, who was managing director for IFA services, was made managing director of Bankhall while Sesame’s managing director Nick Kelly remained in his role.

Mazars Financial Planning chief executive officer and chief investment officer Paul Willans has resigned to pursue new opportunities. He intends to play an active part in the development of financial planning as a profession. He was at Mazars for five and a half years. Advisory services director and Mazars partner Ian Pickfordhas taken over operational management but it is not yet clear if this will be on a permanent basis.


LV= walks tightrope between annuity and USP

LV=s protected retirement plan is established under unsecured personal pension rules, but income is not affected by stockmarket fluctuations because it is not investment linked. Neither does the plan tie policyholders to a set income for life as a lifetime annuity would.


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