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Action replay ahead for Scot Prov and AAM

My heart goes out to all those at Scottish Provident and Aberdeen Asset Management.

As the once proud holder of the office of national accounts manager at the “real” Pegasus Assurance, I have a feeling that history is about to repeat itself.

£2bn is a lot to pay for a mistake. Had Abbey National/Scottish Mutual not discarded the Pegasus staff with such arrogance post-purchase, then Scottish Provident would not have been able to exploit the subsequent void created in the IFA market before going on to replace Pegasus as the market leader.

The only consolation I can offer them is that there is life after “critical illness”.

Bob Levy

London

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