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1.4bn slashed from AIG

American International Group, the world’s largest insurer, has cut 1.4bn from its net worth after detailing a list of accounting misdemeanours dating back to 2000.

The discrepancies, which will result in the firm having to restate its last five years corporate results where discovered in an internal investigation. AIG remains at the centre of an SEC investigation.


NU Boosts policies after charge error

Norwich Union will be refunding 70,000 unit linked fund policyholders after discovering not all its charges were correctly disclosed. The move will see policyholders given an increase in their policy value averaging 90. NU will be writing to customers in the next three months to advise them of the refund and when their policy value […]

NU turns to whole of life

Norwich Union aims to combat competition in the protection market with the launch of a non-profit whole-of-life product.

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


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