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Zurich chooses group finance director

Zurich Financial Services has appointed Patrick O&#39Sullivan as group finance director. He reports to group chief executive office James Shiro and assumes responsibility for all group finance issues. O&#39Sullivan was chief executive of general insurance and banking of Zurich&#39s UK Ireland and South Africa division. That role will be taken by Geoff Riddell.


Octopus returns with phoenix VCT

Octopus Asset Management has created its second venture capital trust (VCT), the phoenix VCT, which aims to raise a maximum of £15m.The phoenix VCT will invest in a diverse portfolio of between 35 and 45 established businesses listed on the Alternative investment market (Aim). All investments will initially be held in cash until the right […]

Term of endearment

I am a married man with two children and a big mortgage. I have always thought that life insurance was a bit of a rip-off but my wife has been on at me to get some as she is afraid I am going to die and leave them in a financial mess. How much life […]

MP set to table annuity reform bill

Conservative MP Edward Garnier is believed to be the backbench MP who will table a private member&#39s bill on annuity reform, following last week&#39s ballot to see which MPs would be allowed to table legislation.

Euro fund firms told to keep it simple

European investment managers should stop churning out new products and concentrate on investors&#39 needs, says PricewaterhouseCoopers. The report says if fund managers want to attract business from the 80 per cent of European households without fund holdings, they should offer simple savings solutions rather than launch new products into a saturated market. To serve investors […]


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