Cowdery Cleared in 'Zombie Fund' Probe

Summary


CLIVE COWDERY, the zombie fund insurance guru who pocketed Pounds 150 million by selling Resolution Life to arch-rival Pearl in 2007, has been cleared of wrongdoing following an investigation by the Financial Services Authority.

The regulator looked into "certain actions" by Cowdery and other directors in the Pounds 5 billion deal.

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Extract


Cowdery Cleared in 'Zombie Fund' Probe

Today Cowdery's new outfit, also call...

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