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AIA chief to quit if Pru deal goes ahead

AIA chief Mark Wilson plans to quit if Prudential’s £24.5bn acquisition of the business goes ahead. The Financial Times reports that Wilson believes the proposed merger is “unworkable”.

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A&L cuts SVR for new borrowers

Alliance & Leicester is cutting its standard variable rate for new customers by up to 75 basis points from Bank of England base rate plus 4.49 per cent to plus 3.74 per cent over base rate.

Child’s destiny

A battle over the back book of business housed in child trust funds will commence if anticipated changes to the wrapper emerge from the coalition Government. Threatened changes to the CTF structure could lead to providers exiting this market as its commercial viability is affected. Advisers are then left with a smaller number of providers […]

Revenue says kick-outs do qualify for Isas

HM Revenue &Customs has U-turned in its guidelines on kick-out structured products, confirming that they do qualify for Isa investment. Last week, HMRC issued an update to Isa managers confirming that kick-out plans, where the trigger event is conditional on a financial index reaching a pre-determined point, are Isa-eligible. In an industry bulletin in April, […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]

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