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Pru appoints new group finance director

Prudential has appointed Les Cullen as group finance director. He previously worked at Inchcape plc and De La Rue in similar roles.


The previous group finance director Jonathan Bloomer became deputy chief executive in May this year.

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Zurich profits up for H1

Zurich Financial Services Group showed an increase in profit in the first half of 1999 mostly due to a strong performance in non-life business. The group is planning to build an e-business hub for its 30m customers in conjunction with IBM and ChannelPoint. Gross premiums written, including life insurance deposits, increased by 3.7 per cent […]

NAPF calls on Government to increase venture capital opportunities

The National Association of Pension Funds is calling on the Government to encourage more venture capital projects.In a submission to the Treasury, the NAPF says it is not pension funds&#39 reluctance to invest but the lack of investment opportunity that is preventing more investment.The NAPF was responding to a call from Tony Blair for pension […]

Barclays launches quarterly personal finance statements

Barclays is launching a quarterly update summarising the savings and needs of each individual customer.Head of banking products Mike McManus says: “The new service gives customers an opportunity to be more financially organised, with clear easy to read information about their finances, presented in a quarterly summary.”

Lambeth Building Society raises account limit

The Lambeth Building Society has raised the limit on for new accounts to deter carpetbaggers in the wake of the bid for Leek United Building Society.All society accounts are closing with immediate effect, with the exception of the Olympos, the Cash Isa, Simply Postal 180 and Simply Isa which require an opening balance of £3,000.

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]

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