View more on these topics

AIG in talks with Metlife for Alico, say reports

AIG is reported in talks with Metlife to sell its Alico arm to raise as much as $15bn (£9.3bn).

According to reports, AIG has restarted talks with Metlife after an initial deal broke down in March. It says Metlife was originally prepared to offer $11bn (£6.8bn) for the life insurance arm, while AIG was demanding $20bn (£12.4bn).

The reports say the deal is a part of AIG’s strategy to repay $83bn (£51.7bn) back to the Federal Government, which has an 80 per cent stake in the group.

Two weeks ago AIG revealed it was floating Alico and AIA on the Asian stock exchange to raise $15bn.


Annuity Direct warns on Omo misselling

Annuity Direct has warned that some open market option services are not offering a full whole-of-market annuity service to clients which could lead to misselling .


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm