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Aegon takes 9.9 per cent stake in Personal Touch

Aegon UK has taken a 9.9 per cent stake in Midlands-based Personal Touch Insurance for an undisclosed fee. Personal Touch specialises in individual protection and has 42 offices across the UK and 100 support staff based at its Head Office in Solihull.

In 2001 the company&#39s turnover was £6 million which Aegon expects to rise to £22 million in 2002. The firm has 24 RIs and a direct Sales force of 2000 self-employed Personal Touch agents.

Aegon UK group chief executive David Henderson says: “This deal is in line with our distribution strategy of investing in high quality, key distribution companies and developing closer working relationships with partners who are already strong in specific market.”


Mellon seizes on emerging markets outsourcing

Mellon Global Investments has expanded its range with the introduction of the Mellon Global emerging markets fund.This offshore fund is aiming for capital growth by investing in emerging market economies such as India and China.The fund is managed on Mellon&#39s behalf by its US subsidiary, The Boston Company, which specialises in value investing. It has […]

Sedgwick offers online calculators

Sedgwick Independent Financial Consultants is offering an online package to help people complete their self-assessment in time for the January 31 Inland Revenue deadline.The online calculator at includes specific calculators to assess pension savings and possible future long term care costs. It takes into account total income from state pension, benefits, private pension and […]

ABI says regulation is not the answer to Sandler

Regulation of the sales process of Ron Sandler&#39s stakeholder style products is only one part of a “three pieced jigsaw puzzle” according to the ABI and on its own will not help to close the savings gap.Responding to the FSA&#39s Discussion Paper 19 published yesterday which outlined three possible sales regimes for the new stakeholder […]

SocGen takes 2-3 year view on stocks

SocGen Asset Management has established the UK special situations fund, a unit trust that invests in a portfolio of between 40 and 80 stocks.The portfolio will initially consist of small-to mid-cap stocks but could also invest in large caps if conditions in the UK equity market change.Former UBS fund managers Hari Sandhu and Hugh Sergeant […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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