Finance director to quit Phoenix Group
Closed life assurance fund consolidator Phoenix Group is set to generate around £800m of cash at the operating company level in 2011, slap bang in the middle of its stated target range, and up from last year's £734m. Group Finance Director, Jonathan Yates, will be leaving the group at the end of February of next year to take up the position of Chief Executive at Guardian Financial Services. Paul Miles, currently Deputy Group Finance Director, will become Acting Group Finance Director with immediate effect.
Closed life assurance fund consolidator Phoenix Group is set to generate around £800m of cash at the operating company level in 2011, slap bang in the middle of its stated target range, and up from last year's £734m. Group Finance Director, Jonathan Yates, will be leaving the group at the end of February of next year to take up the position of Chief Executive at Guardian Financial Services. Paul Miles, currently Deputy Group Finance Director, will become Acting Group Finance Director with immediate effect.
--
jh
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published