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.
Campaign group Save our Building Societies has dropped its threatened court action against Birmingham Midshires.The group had planned to contest a decision by Midshires not to hold an special general meeting to debate several anti-mutual resolutions. It has dismissed the motions as vexatious and frivalous. It was this contention that SOBS had hoped to challenge.
Cigna Healthcare & Group Life has appointed Philippa Dickson as its new managing director.She joins from Bupa International, where she was a director responsible for developing the worldwide corporate, individual and group healthcare for expatriates.Dickson says: “My remit is to ensure that Cigna continues to develop innovative medical insurance products, which grow the business, while […]
Manager Adrian Gosden explains how a strong balance sheet means companies can survive volatility – even in the aftermath of a debacle like VW’s. To watch the video click here
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