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Scottish Widow

Scottish Widows sells offshore business to RL360

Scottish Widows has sold its offshore life business Clerical Medical to investment group RL360. Clerical Medical has been running as a closed business since March 2012 after Scottish Widows parent Lloyds Bank moved to refocus on core UK banking and insurance operations. The business consists of around 24,000 policies, with over £5bn assets under management, […]

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Japan’s Nikkei passes 20,000 level

Japan’s benchmark Nikkei 225 index has edged past the 20,000 barrier in early trading for the first time since April 2000. The BBC reports the index hit 20,004.99 before falling to 19,907.63 at the close. Markets were buoyed by US energy stocks and a strong performance by Fast Retailing, Asia’s largest clothing retailer. Earlier this […]

Nigel Benton: Rise to the challenge, reap the rewards

The appeal of working in the financial services industry has always been great but many young people will likely turn to banks, building societies and insurance providers when looking to start a career in the space. Meanwhile, the specialised financial advice sector is often overlooked as an entry point. To succeed in this arena you […]

Think-tank handed £50m by Resolution founder Clive Cowdery

The founder of insurance and investment firm Resolution Clive Cowdery has given £50m to the Resolution Trust, a think-tank that aims to improve the lives of people on low and middle incomes. To coincide with the new funding, Resolution Foundation chief executive Gavin Kelly will become chief executive of the Resolution Trust and retiring MP […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]

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