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Friends Provident sees life and pension sales fall 10 per cent

Friends Provident new life and pensions sales fell 10 per cent to £246m EPI from £274m EPI for the first nine months of the year.

Group pensions business, however, was up 34 per cent to £97m EPI from £71.4m EPI on the same period last year.

Friends has 3,600 group defined contribution schemes with 71,000 contributing members written on its stakeholder-style group pensions contract.


Winterthur to administer Pru&#39s general insurance

The Prudential is set to announce a deal which will see its general insurance division administered by Winterthur.The deal, which is could be announced as early as today, will see the Prudential receive up to £450m in cash. A National paper reported today that Winterthur beat off rival bids from Direct Line, Royal & SunAlliance […]

Henderson adds to the hedge fund rush

Henderson Global Investors is jumping on the hedge fund bandwagon with its UK equity market neutral fund.With a minimum investment level of $100,000, the fund is aimed at discretionary managers, institutional investors and offshore high-net-worth individuals who are looking for capital growth. The fund is domiciled in the Cayman Islands and is listed on the […]

Take good care of the house

The chances are that your clients all have their homes insured and would not contemplate for a moment leaving them uninsured. You will have made sure that they do not.But what are they insured against? Fire? Earthquake? Flood? Explosion? Probably all of them. But how many people do you know whose homes were lost as […]

Jersey calls for terrorist financing controls

Jersey has brought in anti-terrorist legislation almost identical to that introduced in the City in recent weeks and is moving to adopt the UN Convention for the Suppression of Terrorist Financing as soon as its domestic law has been amended.Jersey Finance chief executive Phil Austin says: “We are calling on all jurisdictions both onshore and […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


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