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Rechabite appoints new chief executive as Turnball retires

Healthy Investment has appointed Peter Green as chief executive following the retirement of William Turnball.

Healthy Investment, the trading name of Salford-based Rechabite Friendly Society, has undergone some dramatic changes in strat- egy in the last few years.

Its main products – a with- profits bond and a friendly society regular savings fund – are no longer restricted to teetollers but it does enc-ourage savings from clients who do not drink to excess.

In 2003, the firm ended 150 years of abstaining from IFAs and started selling through advisers. It has 15m in assets.

Green was chief executive of the Bolton & District Hospital Saturday, a not-for- profit health insurer.

Green says: “I am deligh-ted to have joined an org- anisation with a solid his- tory and a healthy future. I am a firm believer in mut-uality and in the products that the friendly societies provide.”

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