The Unit Trust of India is set for a £2bn rescue package from the Indian Government after years of poor performance. The investment vehicle has 29m investors and was set up in 1964 by Act of Parliament and has a current direct salesforce of 64,000. It is the biggest investor in Indian equities.
Monday, 2 September, 2002 Type: Guaranteed growth bond Aim: Growth linked to the global basket index Minimum investment: $7,500 Place of registration: Guernsey Investment split: 100% linked to the global basket index Guarantee: Client's choice of between 85 - 110% of capital returned in full at end of five-year term regardless of movement of the […]
Royal London has finally announced the name of new protection business – Bright Grey. The company says research showed the name and logo as being modern and distinctive. It promises there will be no grey areas of small print or jargon. There will be a rolling launch beginning in early 2003. London brand consultancy Zalpha […]
The financial services sector has seen many mergers and acquisitions in recent years, with some of the biggest and best-known financial brands in Europe joining forces in an increasingly competitive market environment. Financial institutions are constantly having to update, rebuild and integrate IT systems to create a solid infrastructure that will support their customer base […]
Aegon UK have become the fifth provider to buy a stake in the Misys portal Assureweb. It follows Clerical Medical, Friends Provident, Norwich Union, Scottish Widows purchase of 40 per cent of the portal in January. Misys retains a majority stake of 60 per cent. Collectively the five providers have made a £9.2m investment in […]
By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]
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Standard Life Aberdeen has sold its insurance arm to Phoenix in a £3bn deal. In the first results since the merger of Standard Life and Aberdeen Asset Management, the firm has said it has decided to exit the insurance market. Phoenix will pay a total of £2.3bn in cash for the business. Standard Life Aberdeen […]
Acquisitions are continuing apace this year but will that trend continue or will the market slow?
Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]