View more on these topics

Insurers’ shares continue to plunge

Insurance shares have continued their nosedive after suffering a severe pummeling yesterday which saw Aviva lose a third of its market value.

Shares in Aviva closed at a record low of 189.9p last night after the firm reported unrealised losses of 8 per cent and announced it would continue to pay dividends of 33p. The share price had plunged a further 10 per cent to 169p at 1pm today.

Legal & General shares dropped 28.9 per cent yesterday and a further 6.77 per cent by lunchtime while Prudential has fallen 5.88 per cent after plunging 20 per cent to 221p yesterday.

Standard Life is down another 6 per cent today after falling 14.8 per cent to close at 138.5p last night while Friends Provident dropped 13.5 per cent yesterday and has slid a further 15 per cent already today.


Double bottom on the charts

It was all banks last week. If it wasn’t RBS disclosing the largest annual loss in corporate history, then it was the introduction of the Government’s asset protection scheme.

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm