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Funds under management in Scotland increase

Funds under management in Scotland climbed 20 per cent to £220bn in 1998. The life offices played their part with Standard Life boosting funds under management to £62.7bn from £55bn while Scottish Widows increased its funds to £32.1bn from £27.4bn. Scottish Equitable pulled in £4.4bn to take total funds under management to £19.4bn.

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Cigna Healthcare & Group Life appoints new managing director

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