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Equitable sells Permanent

Equitable Life is to sell its specialist protection and health insurer Permanent to Liverpool Victoria for £150m.

Liverpool Victoria sees the IFA protection market as central to its growth plans. Permanent&#39s Exeter office is to be retained and no redundancies are foreseen at present.

Equitable chief executive Chris Headdon says: “We received a significant amount of interest in Permanent following the Society&#39s announcement on December 8, but the offer from Liverpool Victoria clearly represented the best value and greatest degree of certainty for the Society and its members.”


Windsor act on liability annuities

Windsor Life Assurance is aiming to transform the personal liability compensation market with the launch of the UK&#39s first with-profits structured settlement annuity plan. Windsor, which predominantly operates on a closed-book basis, is launching the plan as it believes the introduction of a with-profits product could improve annuities by up to 69 per cent over […]

Nationwide tops public relations survey

Nationwide received more positive comment in the UK national press for the third month in succession and for the fifth month out of six. Nationwide&#39s surprise 0.2 per cent mortgage rate cut meant that they scored more than twice as much as the next placed company, fund managers Fidelity. Its mini cash Isa, credit card, […]

Banking Codes Review Group team announced

More members of the Banking Codes Review Group, set up following the publication of the Cruickshank Report earlier this year, have been announced. The Group will be headed by DeAnne Julius, a full time independent member of the Monetary Policy Committee, who will be joined by Michelle Childs, Consumers&#39 Association, Adrian Coles, Building Societies Association, […]

Foreign & Colonial Smaller Companies announces drop in share value

Foreign & Colonial Smaller Companies&#39 net value per share has fallen by 4.2 per cent in the six months to October 31, 2000. F&CSC chairman Sarah Hogg blames disappointing returns in Japan and continental Europe.The interim dividend has been increased by 4.8 per cent. Hogg says: “Although the uncertainty about the prospects of the world […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]


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