Zurich

Zurich Life has blamed a drop in its bond business on the impact of the Retail Distribution Review (RDR) - as it reveals a 42% fall in operating profits.

As revealed by Investment Week last Friday, Zurich is launching Zurich Horizon Investment Solutions, a new investment proposition comprising a range of risk profiled funds managed by Threadneedle Investments.

Investment Week understands insurer Zurich UK has approached a number of asset managers with plans to create a fund management business in the UK.

Zurich UK Life has appointed Richard Romer-Lee's new consultancy firm to help with the launch of a new investment fund proposition for its intermediary platform in the coming year.

Insurer Zurich has given BlackRock a mandate to passively manage £3bn of its funds sold through Allied Dunbar and Eagle Star brands in a move that aims to create stability for investors.

Zurich's UK platform assets hit £6.97bn by the end of the third quarter, the latest numbers have revealed.

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The chairman of Zurich insurance group has resigned days after the apparent suicide of chief financial officer Pierre Wauthier.

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