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Buoyant Britannic looking to buy

The Britannic Group looks to be on the acquisition trail following the release of its full year results this week. In the results it says the board believes there is “significant opportunity” for it to increase the scale and profitability of its closed fund business via acquisition and administration of other closed funds. Its closed fund business currently includes Britannic Assurance, Alba Life and Britannic Retirement Solutions. The Group posted a modified statutory profit of £64m in 2003 before tax and exceptional items, up from a loss of £12m in 2002.


Chartwell teams up with Pinnacle to offer 4.33 per cent on GIB

Chartwell Investment Management has teamed up with Pinnacle Insurance to offer investors 4.33% p.a. net of basic rate tax on its 3 year guaranteed income bond. This is equivalent to 5.41% gross for basic rate taxpayers and 5.77% gross for higher rate taxpayers. The rate is available for a minimum investment of £10,000 on a […]

Out of context

•”We will just get back to our McFlurries.” – Abbey for Intermediaries head of protection, marketing and product development Nick Kirwan enjoys fine dining on the road. •”I watched the Brits on television last night and could not remember anything about being there.” – Scottish Widows PR Paula Sutherland. •”I performed at the Millennium Stadium, […]

IFAs believe commission will retain pre-eminence

IFA networks believe the menu will increase clients&#39 understanding of charging structures but do not think it will cause a significant increase in the number opting for fees. Simply Biz chairman Ken Davy believes that the clearer the information the client has of the costs of different types of distribution for different financial services products […]

NU offers new group PMI product

Norwich Union Healthcare has launched a new “superflexible” group private medical insurance product aimed at schemes for between 10 and 49 employees.The move is an extension to their Solutions product and is described as a modular offering. This means that on top of its core set of benefits, extra benefits can be added and a […]


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