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Pru reshuffles top level team

Prudential has reshuffled its senior management team and created a new division to deal with the impact of e-commerce and stakeholder pensions.

The new division is called the group pensions division and its chief executive will be Rodney Baker-Bates, currently managing director of Prudential Corporate Pensions.

Baker-Bates will be joined at group pensions by Alan Smith, currently director of the pensions review unit. He will be managing director, defined contribution and stakeholder pensions.

On the retail side of the business, David Harding will move from his position as managing director of Prudential Life and Pensions to be deputy chief executive of Scottish Amicable.

Two other new appointments are Alan Cook as managing director of retail insurance operations and Martin Brownstein to head of group compliance.


Ethical investments less risky than mainstream counterparts

Ethical investment funds may be less risky than their mainstream counterparts according to a survey by ethical research group Eiris.The study &#34Does ethical investment pay?&#34 tracked 15 leading ethical funds and found the volatility of the funds was less than the conventional market.It found ethical funds achieved an annualised volatility rating of 10.4 per cent […]

FSA outlines product league tables

The Financial Services Authority has revealed plans for league tables of insurance companies and fund managers.The plans which will include tables of unit trusts, Isas, personal pensions and endowment policies, were set out in a consultation document presented by Treasury economic secretary Melanie Johnson.Johnson says: &#34Buyers of financial services products find it hard to choose […]

Many employers are still failing to meet pension deadlines says regulator

Many employers are still failing to pay pension contributions on time according latest figures from occupational pensions watchdog Opra.The regulator says that almost two thirds of the cases it has dealt with over the summer involved employers failing to hand over contributions deducted from employees pay.Despite these failures which have led to some employers being […]

Liberty International announces new appointments

Liberty International has announced two director level appointments.Marc Hommel is promoted to the position of director at Liberty International Financial Services the holding company of Liberty International from his current position of managing director at Liberty Pensions.Kippa Alliston takes over from Hommel as managing director at Liberty Pensions. He will be responsible for group personal […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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