View more on these topics

Britannic leaves the door open

Britannic Assurance has left the door open over a possible bid for rival United Assurance.

In a statement yesterday to the stockmarket, Britannic said it would only pursue an offer for United Assurance if it was satisfied that it was in the interest of its own shareholders.

Ruling out a bid would have prevented the life office entering the takeover fray for its rival for another 12 months.


Canada Life launches high income bond

Canada Life is launching a high income bond guaranteed to 10.5 per cent over a three-year period.The High Income Bond Series II will be launched on November 1 1999 with “early bird” bonuses increasing the amount invested by up to 0.6 per cent.Capital return is linked to the Dow Jones Eurostoxx 50 Index.In the income […]

PIA to continue tough line on persistency

The PIA says it is resolved to remaining tough on firms suffering from low persistency rates on life and pension sales following the publication of its fifth annual survey into persistency.The survey reveals that overall persistency levels remain low. Figures for regular premiums show that 25 per cent of policies lapse in the first three […]

Revenue announces offshore clampdown

The Inland Revenue is clamping down on UK companies using their offshore subsidiaries to avoid taxation.The crackdown on &#34controlled foreign companies&#34 is part of a wider campaign by the Revenue to recoup the estimated £1bn a year it losses to harmful tax administrations.The legislation aims to counter so called &#34designer rate tax regimes&#34 in Ireland […]

EU proposes forum for money laundering

The European Union commissioner for justice and home affairs wants a forum on financial regulations reports the Financial Times.The former Portuguese defence minister Antonio Vitorino says the forum would aid the fight against organised crime by allowing police to share information on money laundering.The report says Vitorino will raise the issue of hi-tech money laundering […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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