According to a statement released today the acquisition, which had already been accepted by A&L shareholders on September 16 during a meeting with the High Court, has sealed the approval from the three parties.
M&G, one of the largest shareholders of Lloyds TSB and HBOS, has announced it will back the Lloyds takeover on its current terms.
AIG’s proposed sale of Alico will bring greater security to UK investors in Living Time, it is claimed.
The FTSE 100 index has fallen 7.85 per cent today, closing at 4,589, a low last seen in September 2004.
Insurance provider Scottish Provident has reduced the number of critical illness claims declined for non-disclosure to just 1.9 per cent during the first half of 2008.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Ombudsman Service does not plan on making any changes to the way it is funded in the next financial year. The FOS published a consultation today about its proposed plans and budget for the 2018/19 financial year. The consultation says the organisation is aware it will need a funding model that accounts for […]
Savers will only be engaged in the pension dashboard if they have trust and confidence in the information it provides, according to the pensions minister. Speaking yesterday at a pensions dashboard development day event, pensions and financial inclusion minister Guy Opperman said all parts of the industry need to be on board with the project […]
One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]