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Indian government bails out unit trust

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.

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The future is Bright Grey for Royal London&#39s protection business

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 […]

E-learn and earn

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 takes stake in Assureweb

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 […]

US: mid-year review and outlook

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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