Standard & Poor's has confirmed a triple-A rating for Scottish Equitable. This covers local currency counterparty credit and claims' paying ability. The credit-ratings agency commended ScotEq for having a strong level of capitalisation and business position, excellent expense management and good financial flexibility. It says ScotEq has a conservative investment strategy and believes the life […]
Commercial Union's life and pension profits rose by 10 per cent for the first nine months of 1997 to £196m from £178m in the same period last year. New life business rose by 7.5 per cent to £42.6m from £39.6m on an equivalent premium income basis. The company's pension business leapt by 40 per cent […]
The demand for independent financial advice continues to grow despite the publicity over pensions misselling and new direct-sellers such as Marks & Spencer and Virgin. A Special Report on Savings and Investment published this week by Mintel reveals that seven out of 10 adults prefer IFAs, according to a National Opinion Polls' survey for Mintel. […]
Are you a self-confident, mature or even semi-retired business person? Or a working mum with no background in financial services? Then Pearl Assurance could be looking for you to bring your talents to its direct salesforce. Pearl is claiming big success with a radical recruitment approach which it says has decreased recruitment costs by 30 […]
Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]
- Top trends
- Top trends
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- Scottish Widows mulls Standard Life corporate pensions book takeover
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- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]