Istarted my career at General Accident in York in 1968 in the annuities department before moving into what became more familiar sales roles and progressing to more senior management roles around the UK.Between 1990 and 1997, I held the position of assistant general manager of GA, creating the first true multi-channel sales and marketing operation in the UK. While in this job, I started what was to be the pivotal and most personally satisfying period of my career. Starting with the merger of GA with Provident Mutual, I played a key part in three successful mergers in seven hectic years, in each case, creating an organisation greater than the sum of its parts both in terms of market share and new business figures.1998 saw the merger of GA and CU and creation of CGU. For me, the key priority in 1998 was ensuring the smooth integration of the CU and GA sales and marketing operations into one. With the new millennium came the “mega-merger” of Norwich Union and CGU to create CGNU, now Aviva, and my appointment as sales and marketing director for Norwich Union Life. A major success and achievement personally was the subsequent increase in market share for the new combined life company to 12 per cent from the previous two companies’ combined share of 9 per cent.2001 began what was an interesting phase in my career, as I joined Commercial Union Polska as a non-executive director, giving me an opportunity to learn about European markets and also to take distribution experience learned in the UK into another market. I also took up the role of chairman of the ABI distribution and regulation committee and the role of director of Royal Scottish Life and NatWest Life under the joint venture with RBS. In 2004, I was appointed to the role of chairman of Lifetime Group which is now 100 per cent owned by Norwich Union and which is spearheading the development of wraps. The latter end of 2005 saw me take-up a non-executive sales and marketing director role with Norwich Union Life and I was delighted and honoured to be elected president of the Chartered Insurance Institute. I am a great supporter of the CII and one of my key priorities in my presidency is to put the life industry at the heart of CII develop-ments, helping drive up standards and pride in insurance industry careers. This industry has been very good to me and given me a hugely varied and exciting career and I see this as a way in which I can help and give something back. As we start 2006, leading up to my retirement in June with Norwich Union Life, I look back with pride and see how the company has grown. Norwich Union is very well placed to tackle the challenges of the rapidly changing marketplace and I am proud of the key role I have played in its development.
Fidelitys UK growth manager Frederic Gautier is leaving and will be replaced by analyst Carlos Moreno.
Advisers who offer home information packs could be exposed to liabilities due to insufficient professional indemnity cover, warns PYV chief executive Neil Pointon. Pointon says brokers offering Hips to clients to secure new business will not be covered for mistakes in the packs by their existing PI policy. He says: “If advisers do get involved […]
Financial Express has set up its own fund ratings service, Crown Ratings. It uses a blend of quantitative and qualitative analytical screens, including measuring a portfolios volatility, consistency and returns against its benchmark.
Managing director Peter Barrett says after breaking free from B&B and regrouping, the firm is setting new goals
Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]
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Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]
The FCA has finished implementing the recommendations of the Financial Advice Market Review with the publication today of a policy statement relating to personal recommendations today. The FCA aligned itself with Mifid II last year by mandating that regulated advice must contain a personalised recommendation. In August last year, the FCA published a consultation paper […]