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Phillips to swap Swip for Morley

Scottish Widows Investment Partnership chief executive Chris Phillips has been appointed chief executive at Morley Fund Management. Phillips, who will take up the role in the summer, is also chairman of the ABI Investment Committee.

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Thoresen leads basic advice taskforce

The Treasury is to launch a basic advice taskforce headed by Aegon chief executive Otto Thoresen aimed at providing free basic advice to all.The nationwide scheme aims to be up and running within five years to coincide with the introduction of Personal Accounts.The scheme will cost around £50m a year with the costs shared between […]

Pearl to begin handover of 500m inherited estate

Pearl Group is to begin distributing its 500m inherited estate to one million with-profits policyholders.Pearl Assurance’s inherited estate is estimated to be worth more than 500m of the closed with-profits 10bn fund.Distribution of the inherited estate will be through payouts added on to final bonuses when policies mature, starting from July 2007.The firm will not […]

Purnell launches review of workplace regulation

The Government has appointed Paul Thornton the current managing director of Gazelle Corporate Finance to lead an institutional review of the regulation of workplace pensions.Pensions minister James Purnell announced the review at a NAPF seminar this week which will consider how the functions of organisations involved in the regulation and protection of workplace pensions will […]

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