Former FSA head Howard Davies joins Phoenix as chair

Davies, whose current roles include non-executive directorships at Prudential and Morgan Stanley, succeeds Ron Sandler from 1 October. He was chairman of the FSA from 1997 to 2003. Davies said: "Phoenix is a leader in its specialist field and has demonstrated through its recent results a real track record of delivering on financial targets and making significant progress operationally." Clive Bannister, Phoenix Group CEO, added: "I am delighted that Howard has accepted the position of chairman and my colleagues and I look forward to working with him. "His intellect and judgement...