GERMANY - Eduard Thometzek has been appointed as deputy chief executive officer of Zurich Group Germany and a member of the executive committee of Zurich Continental Europe.
He will have now operational responsibility for the German business. Both positions are effective from January 1, 2003.
In the past, Thometzek has held various managerial positions in the Kaisers/Tengelmann Group, the Bausparkasse Wüstenrot and Citibank. He joined the Württembergische Insurance Group in 1991 and was appointed member of the executive board four years later. Axel Lehmann, CEO of Zurich’s business division, continental Europe, said that Thometzek would “help drive the initiative to improve our profitability with the necessary discipline, and further develop our relationship with Deutsche Bank for the mutual distribution of products and services.”
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.