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L&G predicting FTSE to end 2004 at 4,700

Legal & General is expecting the FTSE to end the year at 4,700, an increase of around 8 per cent on its current level, but says an outlook of modest increases in interest rates means it will be a difficult year for investment grade corporate bonds and gilts.

L&G Investment Management financial economist Andrew Clare says: “The US economy ha picked up strongly this year and after a couple of years in the doldrums even Europe and Japan are showing signs of recovery. Equity markets have reflected this with modest gains this year. In the UK we believe this progress can continue.”

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Standard cuts critical cover term to 25 years

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NU exits pre-fund LTC to focus on immediate needs

Norwich Union has withdrawn from the pre-funded long-term care market and will instead focus on immediate needs. The company says its review of the pre-funded LTC sector shows that the market has been in decline because consu-mers have otherfinancial priorities. However, it says there has been strong growth in the immediate needs LTC market in […]

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