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Genworth product ‘will help FTBs’

Insurer Genworth Financial claims lenders will be able to help more first-time buyers get on the property ladder after the launch of its specialist mortgage insurance product. Genworth says the product will help mitigate the considerable risk associated with 100 per cent loan-to-value lending by covering lenders’ risk.

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Lloyds TSB rejects Axa and Swiss Re move for Widows

Lloyds TSB has rebuffed a joint approach from Axa and Swiss Re for its subsidiary Scottish Widows. It is understood that the two European insurance giants’ £8bn break-up proposals, which would have seen Axa take over the bulk of Scottish Widows, incl-uding Swip, and Swiss Re buying its closed life book, were rejected at an […]

Resolution snaps up Ormiston to complete European team

Resolution Asset Management has completed its search for a third senior European equity team member by recruiting Singer and Friedlander head of European equity Ian Ormiston.Ormiston joins European team head Adrian Darley and Jonathan Fearon who both arrived recently after resigning from Gartmore in the Summer.Tim Callaghan was originally earmarked to head up Resolution’s new […]

Standard defends Sipp commission

Standard Life has defended claims that it is paying up to 5 per cent commission on internal transfers from its personal pension to its Sipp as a means to grow its Sipp business, saying it is merely offering the same rate it would on outside business coming into its Sipp.

Leitch taking over as Bupa chairman

Lord Leitch is taking over as chairman of Bupa next month. Leitch, former chief executive of Zurich Financial Services, was already a director of the healthcare group and succeeds Bryan Sanderson.

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