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Aviva and Spottiswoode could be close to deal on inherited estate

Speculation is mounting that Aviva and Clare Spottiswoode could be close to submitting a proposal to the FSA over the insurer’s inherited estate.

Spottiswoode is representing policyholders in discussions over how to distribute the £5bn surplus – or inherited estate – which is the money over and above what is needed to meet obligations to policyholder’s built up over decades.

Press reports suggest the two parties are close to striking a deal, which could result in payouts for more than a million policyholders.

The regulator is likely to take several weeks to consider the matter.


UBS in 8bn rights issue

UBS is to launch a 7.8bn rights issue. The fully underwritten rights issue will be offered to shareholders at a discount of more than 30 per cent.

Three reappointed to FSCS board

The FSA has reappointed three non-executive directors to the board of the Financial Services Compensation Scheme, effective from 1 June 2008.

UK housebuilders remain a value trap – despite post-Brexit falls

By Mark Martin & Holly Cassell, Neptune UK Equities As investors continue to digest the UK electorate’s vote to leave the EU, Neptune’s Mark Martin and Holly Cassell explain why they believe housebuilders remain dangerously overvalued Click here to view full article Important information  Investment risks  Neptune funds may have a high historic volatility rating and […]


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