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A&L secures funds but faces £185m hit

Alliance & Leicester says it now has enough funding in place until the end of 2008. In a statement, the lender reveals it faces a £185m hit over the credit crunch, up from £55m last November.

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Prudential new business figures remain flat in 2007

Prudential’s UK new business figures remained flat in 2007 at £897m on an annual premium equivalent basis.On the retail side, sales were up 4 per cent on 2006 driven by strong growth in individual annuities, corporate pensions, with-profit bonds and lifetime mortgages. Prudential says the UK new business figures for 2007 were in line with […]

Suitable case for treatment

Perhaps I am just naive. I have always found it quite difficult to understand the need to have an initiative called treating customers fairly. After all, shouldn’t service companies being doing that already? Isn’t that the core of their business offering?

Whelan to join Fidelity Intl for European multi-manager

Fidelity International has appointed of Dermott Whelan to its multi-manager team as portfolio manager.Whelan has been at US investment firm Morgan Stanley for 18 years and has a 10-year track record in investment management. He will run Fidelity’s European equity portfolio when he joins in March.As well as running European equities at Morgan Stanley, Whelan […]

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