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Abbey says no WP bonuses from life arms

No annual bonus will be paid for the with-profits policies of Abbey National Life, Scottish Mutual and Scottish Provident except where guaranteed rates of bonus apply, Abbey has admitted. Terminal bonus rates will also be reduced for unitised and traditional with-profits policies from March 2004. Abbey says the stockmarket recovery has been too short and insufficient in scale to make up the shortfall from the previous three years.

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Standard slashes equity ratio

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Another setback for MLIM as Corley leaves

Merrill Lynch Investment Managers has been rocked by another major departure, with Elizabeth Corley, head of a number of regional retail desks, leaving the group to pursue other interests. Corley, head of retail for Europe, Asia, Africa and the Middle East, is the second person to leave the company this month following the high-profile departure […]

PInk offers landlords flexi option

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