Michael Bright's absence from the limelight is for a good reason, Backchat has been informed.

It is understood, from reliable sources, that Pricewaterhouse-Coopers, Independent Insurance's liquidator, has decided to target Bright's pension fund.

As Insurance Times reported last year, the estimated £3m fund was, according to his lawyers, exempt from the liquidator because it was a personal pension.

But PWC's Dan Schwarzmann has set his sights on raking back some of Brtight's personal wealth.

Hence Bright has decided to play down his lifestyle. What a shame!