View more on these topics

‘Alico sell-off would boost stability’

AIG’s proposed sale of Alico will bring greater security to UK investors in Living Time, it is claimed.

Living Time sales director Dave Harris says any purchaser of Alico will have to be a major player which will increase stability for the company.

Living Time is underwritten by Alico and Davis says investors are already feeling reassured by the announcement made last Friday.

He adds that any guarantees provided by AIG Life and Living Time will remain in place under the new owner.

Press reports suggest that global businesses that may be interested include MetLife, Manulife and Axa.

Harris says: “I would be very surprised if Alico sits in the shop window for long. I think somebody will snap it up for a good price. It would be very difficult for Alico to be sold off in individual parts. My expectation is it will be sold off in its entirety.”



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