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FS firms boost staff numbers at fastest rate for 15 years

Financial services firms boosted staff numbers at the fastest rate for 15 years between March and June, according to CBI and PricewaterhouseCoopers.

Their latest quarterly survey reveals 5 per cent of companies reduced
employment over the last three months but 41 per cent took staff on. The balance &#45 36 per cent – is the fastest rate of growth recorded since the survey
began in December 1989. It compares with a balance of only plus five per cent in
the previous survey.


Standard suffers from &#39consumer resistance&#39

Standard Life&#39s new UK life and pension business has fallen by 13 per cent from £483m for the first half of last year to £417m this year. The decline has been put down to a 22 per cent fall in individual pension sales from £170m to £133m and a 23 per cent fall in investment […]

In praise of bella Italia

What an interesting letter from Julian Stevens about the EU. He raises some points which I very much agree with. For instance, why can&#39t UK insurance companies insure British people living in Europe, with the honourable exception of Friends Provident, but then you can&#39t get the normal contracts? Surely it cannot be beyond them to […]

Swiss Re buys Windsor Life in £333m deal

Swiss Re, the world&#39s biggest life and health reinsurer, is buying Windsor Life and its life office consolidator parent Life Assurance Holding Corporation for £333m in cash. The Swiss firm&#39s Admin Re closed book operation will take charge of the running of more than 800,000 Windsor Life policies with total assets of £5.2bn. Swiss Re […]

Meeting the cost of care

Jane&#39s mother Pat, who is 79, has been diagnosed with Alzheimer&#39s disease and is going to have to go into a special-care residential home. This is going to cost £800 a week and Jane is looking for a straightforward way of paying for it. She has been advised that the nature of the illness is […]


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