Nicholas Lyons to return as Phoenix Group chair

Phoenix Group said on Wednesday that Nicholas Lyons will be returning to the company and will be appointed chair of the board of directors with effect from 1 December.

Lyons had resigned from that position last September to take up the role of Lord Mayor of the City of London for a one-year term.

Phoenix said that after 10 years on the board, Alastair Barbour - who took on the role of interim chair last year - will step down with effect from 30 November.

He will remain on the board as a non-executive director until the end of December to allow for "a suitable handover".