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Friends aims for £380m securitisation

Friends Provident is looking to raise £380m to fund new business acquisition by securitising a book of life insurance policies. The move also reflects recognition of improvements in annuitant longevity in statutory valuation requirements of its business which could reduce statutory net assets by £30m.

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Bedford becomes MD at Worldwide Financial

Former Misys head of marketing and Sesame sales director Andrew Bedford has been appointed managing director at IFA Worldwide Financial Planning.

Julian Gibbs

JO Hambro has attracted yet another top fund manager, Clive Beagles, former manager of Newton higher-income fund.

Open the door to IFAs

The news that IFAs have been deemed ineligible by the Association of IFAs to serve as director general will come as a great shock to most advisers.

ABI welcomes FSA depolarisation rules

The Association of British Insurers welcomes the announcent from the FSA on depoplarisation rules.ABI head of life and pensions Chris Kenny says: “This is an important change. The industry has been working hard to make it a success and will continue to do so.”

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