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PosSol finance director quits after Intrinsic deal

Positive Solutions finance director Lisa Lockey will leave the business at the end of this month following Intrinsic’s acquisition of the firm last year.

Lockey’s role will now be merged into that of Intrinsic finance director Simon Brunt.

She joined Positive Solutions in September 2011 as head of finance and was promoted to finance director in October 2012.

Positive Solutions mortgage and general insurance manager Andy Bell also left the business following its acquisition by Intrinsic in August.

Intrinsic chief executive Richard Freeman says: “On behalf of the board and everyone in the Intrinsic Group, I would like to thank Lisa for her hard work and commitment, particularly during the integration of the two businesses. We wish her every success in the future.”



MGM Advantage recruits former MetLife director Peter Carter

MGM Advantage has hired former MetLife director Peter Carter as head of product. Carter was previously product marketing director at MetLife, where he was responsible for developing the firm’s guaranteed product range. In his new role Carter will focus on developing MGM’s existing products. He will report to MGM Advantage chief operating officer Craig Fazzini-Jones. […]


Zurich pays out 94% of CI claims in 2013

Zurich paid 94 per cent of the critical illness claims it received last year, up from 90 per cent in 2012. The provider paid out 806 claims in 2013, with payments totalling £65.2m. This compares to 744 in 2012, with payments totalling £59.9m. Around 4.8 per cent of claims were declined due to the definition […]


Will Schroders multi-manager range impact performance?

Advisers say they will be monitoring future inflows following Schroders’ move to rebrand the Cazenove multi-manager funds and merge its own multi-manager range. The entire range of Cazenove funds will be rebranded as Schroders MM funds from March. As part of the rebrand Schroders’ existing trio of multi-manager of funds will be merged with the […]

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


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