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Britannic announces double boost

Britannic Assurance has announced pre-tax profits of £154.4bn for 1999.

It acquired Britannia Building Society&#39s asset management and life assurance business for £346m last year and says the deal had doubled the group&#39s customer base and funds under management to £19.5bn.

Britannic chief executive Brian Shaw says the group is planning to expand its salesforce and says the group still had “plenty of momentum” to grow further.


Isa confusion still rife, says report

More than one in three investors are still unsure whether they own a maxi or mini Isa as the product approaches the end of its inaugural year.MarketMinder&#39s Isa Tracking Report for February reveals 33 per cent of investors are still confused about the difference between maxi and mini Isas and 5 per cent say they […]

NAPF calls for Brown&#39s support

The National Association of Pension Funds is calling on Chancellor of the Exchequer Gordon Brown to reaffirm his support for occupational pensions schemes in this month&#39s budget.The NAPF says a high-profile demonstration of support is vital to stop the decline in the coverage and quality of occupational schemes.It wants Gordon Brown to make a clear […]

FSA to chase mis-sold FSAVCs

The Financial Services Authority is to begin a review of “mis-sold” FSAVCs in a move expected to cost the industry between £95m and £200m.The regulator estimates the review only applies to around four and eight per cent of the million FSAVCs sold in the UK in cases where investors were eligible to join an employer&#39s […]

R&SA hits out at merger rumours

Royal & Sun Alliance has hit out at rumours it has been looking to merge, but says it would consider an acquisition in general insurance.R&SA chief executive Bob Mendelsohn said reports it had appointed investment bankers to consider possible suitors were categorically false.Mendelsohn said: “We believe the return on capital invested in a well-managed general […]

Where next for the price of oil?

Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]


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