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Zurich job for Blair

Former Prime Minister Tony Blair has signed an advisory agreement with Zurich Financial Services to provide guidance on international politics.

Blair, who recently joined JP Morgan as an adviser for £2.5m a year, will advise Zurich chief executive officer James Schiro and provide general guidance on developments and trends in international politics.

He will advise and collaborate with Zurich on its climate initiative and work closely with its new climate change advisory council.

Blair says: “There is a consensus now that the challenge of climate change is real and what we need are the policy solutions to turn that concern into action. That is why Zurich’s work to look at how business, in particular the insurance sector, can play its part is so crucial.”


Royal London new life and pensions business down 1%

Royal London’s total new life and pensions business was down 1 per cent to £1,903m in 2007 from £1,919m last year.The group’s new business results for the year ending 31 December 2007 also show that group pensions were down 15 per cent at £489m, which it attributes to a fall in single premiums and transfer […]

NU threat to halt payouts as orphan cash row grows

Norwich Union says it may halt the reattribution of its £5bn inherited estate if its dispute with policyholder advocate Clare Spottiswoode is not resolved quickly.The firm denies it is in deadlock in negotiations with Spottiswoode but says the reattribution may have to be scrapped if the talks continue beyond the timescale allotted. Negotiations are due […]

By comparison

Those of you who check out small details such as the email to use when berating me for any sins and omissions in this column will have noticed recently that I no longer use the address. After nine interesting months at moneysupermarket, I have rejoined the freelance world.

Rent rises boost buy-to-let returns

Total returns for buy-to-let investors trebled to 21 per cent last year, says Paragon.The BTL lender’s January index shows that rental incomes rose by 2.5 per cent in December, bringing the annualised rate of growth to 19.4 per cent.Tenants are paying on average £965 a month for rented properties compared with £808 a year ago. […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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