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Fortis may look at link-up ventures

Fortis Life UK is looking to team up with other distribution companies to launch protection plans following its initiative with Lifesearch.

In its 2008 results published on Monday, the firm posted £2.7m in new annual premiums since its launch in July last year. Managing director Martin Werth says the company is now looking at ways of strengthening its protection proposition, including launching new products through other distribution channels.

Lifesearch and Fortis jointly designed a protection plan called real life cover and the insurer has also launched an online-only product through Click.

Commenting on the initiatives, Werth says the firm would “look to do it with others where the opportunity is right for both parties”.

He says: “With Lifesearch, we were using its experience of understanding consumer needs to design a plan that we felt was supported its customers.

“With Click, it was a different target market. We designed a proposition that was to give life cover without advice and we developed a similar product with no fills or add-ons. They were both very successful ventures.”


Ireland tries to stabilise economy

The Irish government has announced the details of an emergency budget designed to shore up the country’s flagging economy.Pre-Budget data published last week show a €5 billion (£4.5 billion) widening from the budget deficit projected in January.Brian Lenihan, the finance minister, has proposed a raft of tax increases which should generate €3.6 billion over the […]

Cru’s Maguire writes to Chancellor

Cru founder Jon Maguire has penned a letter to Chancellor of the Exchequer Alistair Darling questioning the roles of ARCH, Capita and the FSA in the suspension of the £400m Arch cru fund range.

Write of passage

One of the dubious benefits of having been a personal finance journalist for more than a couple of years is that, eventually, people pretend they want to know your opinion about issues related to money.

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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