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Date set for F&C demerger

F&C Asset Management is to demerge from Friends Provident on July 3 if Friends Provident shareholders approve the split in a vote on June 12. The demerger is also subject to F&Cs shareholders approving changes to its articles.

An exclusivity agreement means F&C will continue to manage a large pool of assets for Friends Provident.


Analysis: General Motors

Once key drivers of the American economy, the bankruptcies of General Motors (GM) and Chrysler may cost a quarter million people their jobs and hit the country hard.

Grinstead becomes Metlife MD

Metlife has made its UK chief executive officer Ed Gardner redundant and promoted Dominic Grinstead, previously strategic development and marketing director, to UK managing director.


Canada Life follows suit on postcode annuities

Canada Life will join Legal & General, Aviva and Prudential in offering postcode annuities by the fourth quarter.Canada Life and Aegon are the only major annuity providers not to price their annuities based on customers’ postcodes.Experts claim that given L&G, Aviva and Prudential control more than 40 per cent of the annuity market, Canada Life […]


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