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Aegon contender for R&SA life book

Aegon is understood to be in talks with Royal&SunAlliance about buying its life business.

Industry sources say Aegon representatives are currently talking to investment bankers brought in by R&SA to price its life book as a separate business to general insurance. R&SA have said that its primary focus is its general business but sources believe it is also likely to hang on to its fund management arm because of assets held form the general side.

The price for R&SA could be affected by its heavy annuity liabilities from the Sun Alliance and London book, estimated at £700m.
Share holder pressure to achieve the maximum price is likely to scupper any exclusive talks with Aegon, with GE Capital expected to take an interest.


Employee benefits planning

Field Marketing Ltd has been in existence for just over 15 years. It has grown from little more than a dining-table operation to a successful direct mail company with 20 employees, including the two shareholder directors, Nigel and Bruce.Four years ago, Field Marketing set up a contracted-in money-purchase scheme (Cimps) with a leading insurance company. […]

iShares adds European Financials to ETF range

iShares has added iBloomberg European Financials to its range of exchange traded funds (ETFs).iBloomberg European Financials will track the Bloomberg European Financials index, which consists of the largest financial companies in Europe. It will do this by pooling investors&#39 money to buy shares in the European companies that make up the index.Exchange traded funds are […]

Life offices to bear brunt of new redress payments

Life offices will shoulder most of the costs under PIA plans to give extra redress to 25,000 pensionholders whose phase-two transfer cases were completed before December 17, 1999.An estimated £3,250 will be paid to each of the policyholders, out of an original 1.2 million pension review cases.Only around 2,800 are IFA clients, with just 1,000 […]

Standard Life – Health Cash Plan

Tuesday, 27th March 2001.Type: Group healthcare cash plan.Minimum premium: £6.30 a month.Minimum-maximum ages: 18-65.Maximum benefits: Single £7,500, couple £30,000.Deferred period: Six months. Maternity/paternity cover and complications of pregnancy – one year. Accident – no deferred period.Commission: Initial 30 per cent, renewal 5 per cent.Tel: 01483 553461.

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]


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