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Aegon swoops again to buy IFA A&B

Aegon has swooped again to acquire 100 per cent of IFA Advisory & Brokerage Services for an undisclosed sum.

The purchase follows the acquisition of Wentworth Rose in June by the Dutch insurance giant which owns the Scottish Equitable brand in the UK.

A&B, which will remain independent, is based in central london and has 29 RIs. It specialises in the high net worth and corporate sectors. Gareth Marr will continue as chief executive.


L&G sees protection sales soar

Legal & General has seen sales of protection products rocket by 88 per cent compared to the same time last year.Annual premium sales of protection totalled £70m for the first half of this year compared to £37.2m for the first six months of 2001. The company attributes the rise to historically low life assurance rates […]

B&B renews Mortgage Brain contract

Bradford & Bingley has renewed its contract with Mortgage Brain for its mortgage outsourcing platform in a deal that will see B&B&#39s 1,000 advisers using the external quote engine.B&B has signed up Mortgage Brain as its exclusive source of mortgage quotations.Mortgage Brain chief executive Mark Lofthouse says: “Their endorsement of our mortgage sourcing service and […]

More splits plan to liquidate

Several more split-cap investment trusts are planning to liquidate or wind up prematurely as stockmarket volatility continues to drag the sector deeper into the mire.The Aberdeen Asset Management-run leveraged income trust wants shareholders to approve placing the trust into receivership after stockmarket falls left it owing more than the value of its assets.Also in trouble […]

PanEuroLife takes mature approach

Luxemburg-based company PanEuroLife aims to establish itself in the UK IFA market with the sterling guaranteed 5-year maturity fund. This unit-linked fund is available only through its pharos and pelf+ investment bonds.The fund will invest in a portfolio of bonds and short-term deposits. This will equate to 20 per cent in government bonds, 75 per […]


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