View more on these topics

&#39Equitable should transfer WP into unit-linked funds&#39

Equitable Life should go for a second compromise deal with policyholders and transfer all with-profits policies into unit-linked investments, according to analyst Ned Cazalet.

The proposals, in his report Life 2002, would allow investors to switch to other fund links or remain in a fund that would initially have the same asset mix as the current ailing withprofits fund.

Cazalet claims it would result in improved visibility of policy values and a smoother experience for policyholders. He also says the move would release capital tied up with Equitable to meet minimum solvency requirements.

Recommended

Eye-fa offers web deal

Eye-fa, a new IFA dedicated web directory, has been set up with the aim of enabling advisers to complete all their business transactions online.The site, www.eye-fa.co.uk, aims to help IFAs take advantage of the increasing number of facilities for intermediaries available online and aims to have most product providers signed up by the end of […]

&#39Big names fighting to maintain capital base&#39

Leading analyst Ned Cazalet has painted a gloomy picture of the life industry, with many major names struggling to maintain their capital base in his influential Life 2002 report.Cazalet says the excess assets of with-profits offices had fallen to £40bn at the start of the year and claims that due to stockmarket falls, this has […]

Friends Provident International mixes it with unit-linked bond

Type: Unit-linked bond Aim: Growth by investing in a choice of with-profit fund (series 5), managed, UK index tracker, open managed portfolio, international stewardship, UK equity growth, stewardship ethical, global equity, North American growth, European growth, Far East growth, fixed interest, cash deposit, protected global growth, secure growth portfolio, balanced portfolio, managed portfolio and growth […]

Where there&#39s muck, there&#39s brass

•”The most embarrassing bit was being overtaken by the comedy cucumbers.” – Hargreaves Lansdown&#39s Ben Yearsley on his latest running escapade.Our own venerable columnist Julian Gibbs will understand this old adage better than most because he is descended from Anthony Gibbs and Sons, the London-based firm that in 1849 carved up the entire Peruvian guano […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment