View more on these topics

Zurich set to unify UK life firms

The restructure is expected to take place on January 1, 2005 when the combined group will be renamed Zurich Assurance.

The businesses which will be brought together in the single operation are Allied Dunbar, Eagle Star, Zurich, City of London Insurance Company and Pilot Assurance Company.

Zurich says planholders&#39 terms and conditions will stay the same.

Bringing together the UK life businesses is part of the group&#39s objective to focus on Zurich as one international brand and raise its profile in the UK.

The only company that will stay outside the new body is Sterling, Zurich&#39s investment brand, which will continue to operate using its own brand on new and existing products.

Zurich has been working in close collaboration with the FSA and an independent exp-ert from consulting actuaries Watson Wyatt on protecting customers&#39 interests.

The transfer of insurance company business from one company to another comes under the Financial Services and Markets Act 2000.

The restructuring requires court approval, with the first hearing last week followed by a second hearing in December.

Information packs will be sent out to planholders giving full details of the proposal during October.

Zurich media relations consultant Jon Atkins says: “This is the next stage in the journey towards a more comprehensive use of the Zurich brand in the UK.”


Fast-track approval process from First4Brokers for ARs

First4Brokers is launching a fast-track approval process for broker firms of any size. With the creation of this process, F4B says it will confirm within 48 hours whether a due diligence process is required for the firm. Following completion of the full application form, F4B will then undertake the due diligence procedure and give full […]

Multi-ties fail technology test

IFA Park Row is making a stand against multi-ties, not in principle but in practice. The adviser says it cannot see any material benefit in going multi-tied at the moment. It does not rule it out in the long term but says IFAs should be wary for the next 18 months. Park Row&#39s criticism is […]

Consumer advice goes out on radio

Llewellyn-Slade Press Relations has set up a consumer personal finance programme on 35 radio stations. Managing director Mark Llewellyn-Slade says he inv-ited networks and advisers to take part in the programmes after identifying a gap in the radio market. In the first programme aired last week on stations including Heart, Saga Radio, Severn Sound and […]

Infinity Mortgages launches application processing system

Infinity Mortgages is offering a discount on its application fees by £50 for all mortgages submitted on-lines unsing the lenders&#39 new application processing system, Infinet. Infinet, which can be accessed from September 30 will allow intermediaries to produce accurate KFIs, source products, submit an on-line application and track cases and proc fees. Infinity chief executive […]

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm