Zurich reshapes life business; Etherington to depart

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Zurich UK Life is to restructure the business into a three-pronged proposition, with one unit to cater for all pre-retail distribution review (RDR) business and products.

From 31 July, the business will be focused on three core areas: corporate, retail and in-force. The latter, which will be headed by current head of in-force management Alastair Beveridge, incorporates responsibility for Zurich's existing propositions and products designed for the market pre-RDR. Meanwhile, the retail proposition covers Zurich's intermediated business, including its actively-marketed life, pensions and investment proposition and its retail platform. Gary Shaughnessy, who left Fidelity International earlier this year to become CEO of Zurich UK Life, will be interim h...

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