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Family Assurance appoints New Star to manage £1.5bn

Family Assurance has appointed New Star to run £1.5bn of its funds under management. The move is part of FA&#39s strategy to become the leading provider of the Child Trust Fund, due to be launched in 2005.

FA chief executive John Reeve says: “We see the move as another important pieced of the jigsaw as we move closer to the CTF launch, giving all out members access to greater resources in the vital area of investment management.”

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NU exits pre-fund LTC to focus on immediate needs

Norwich Union has withdrawn from the pre-funded long-term care market and will instead focus on immediate needs. The company says its review of the pre-funded LTC sector shows that the market has been in decline because consu-mers have otherfinancial priorities. However, it says there has been strong growth in the immediate needs LTC market in […]

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