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AXA purchases remaining shares in Sun Life

Axa, the French insurance giant, has announced it is purchasing the remaining stake in Sun Life and Provincial Holdings it does not already own.

The company already owns 56.3 per cent of SLPH, this deal will give it control over the remaining 43.7 stake in the life office.

SLPH&#39s shareholders will receive 500 pence in cash, and a dividend of five pence for each ordinary share.

The deal, worth £2.3bn, will be discussed at SLPH&#39s annual general meeting, and will likely take effect in July.


&#39IFA consortiums can win in e-mortgages&#39

IFAs should set up consortiums to buy software designed for e-mortgages,says Mortgage Code Compliance Board chief executive Luke March.He believes it is one important way that IFAs can stay ahead in thee-mortgage market.Providers are poised to offer complete online mortgages as soon as digitalsignatures are legalised. This is expected to happen once the E-CommerceBill has […]

You can win £5k in our Sofa awards

Inside every IFA copy of this week&#39s Money Marketing is an entry packgiving you the chance to win up to £5,000 by entering the ultimatefinancial planning awards – the Money Marketing Sofas.Money Marketing has teamed up with the Society of Financial Advisers tocreate the industry&#39s premier financial planning awards.For the first time in an awards […]

Portman Building Society…

Portman Building Society has raised £13,500 for Macmillan Cancer Reliefwith its 2000 Calendar Charity Appeal.A total of £27,000 was raised through donations from Portman members. Theother £13,500 has been split between 14 charities in the society&#39s mainoperating area.Portman chief executive Robert Sharpe says: “I hope that this will helpMacmillan Cancer Relief meet the obj-ectives of […]

Providers fear Govt pension statement will confuse public

Pension providers are voicing concerns that the Government&#39s CombinedPension Statement may confuse the public about their pension entitlement.They fear the statement, which provides pension planholders with estimatesfor their retirement income by combining details of private pensions andstate benefits, could lead to people expecting more income than they willget.Each provider is expected to provide customers with […]


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