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Scottish Life announces high level job swaps

Scottish Life has announced a top level job swap within its senior management.

The swap is part of the life offices long term commitment to broaden the expertise and experience of its senior management.

As part of the move Scottish Life assistant general manager marketing Chris Cormack will takeover the position of actuary at Scottish Life International.

Cormack switches positions with Ewan Smith who is currently SLI&#39s actuary and finance director.

Group chief executive Brian Duffin says: &#34There are a lot of very experienced and talented people working throughout the group. The exchange programme has been developed to ensure we are getting full advantage of their skills.&#34


National Savings – High Interest Account (inserted 4/11/99)

Type: Bond offering fixed rates over a choice of terms with the option to take annual or monthly interest.Minimum-maximum investment: £500-£1m.Interest rates: 6 month term – £500-£19,999 – 5.45% gross (annual interest), 5.3% gross (monthly interest), £20,000-£49,999 – 5.65% gross (annual interest), 5.5% gross (monthly interest), £50,000 and over – 5.85% gross (annual interest), 5.65% […]

Woolwich and Marsh & McLennan launch joint IFA venture

The Woolwich and Marsh & McLennan Companies have agreed to establish an IFA joint venture.The joint venture will acquire the business of Sedgwick Financial Services, in a transaction which is conditional on approval by the PIA.The new company Sedgwick Independent Financial Consultants, will have some 145 registered intermediaries and focus on advising clients gained through […]

Chartered Institute of Taxation warns Government over stakeholder

The Chartered Institute of Taxation has warned the Government that its stakeholder pensions proposals are littered with taxation traps.It says that if stakeholder pensions are to be truly successful and accessible to all, further changes will be necessary.The institute says the Government&#39s proposal to open up pensions to those not in work, could in practice […]

Aon fights employers&#39 corner in stakeholder debate

Aon Consulting is calling for employers not to be held responsible if a stakeholder pension performs badly.Aon says a key factor in making stakeholder pensions work will be to keep the burden on employers to a minimum.Although it says it is too early for employers to take any action on stakeholder, Aon believes it may […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk


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