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L&G&#39s new mortgage software gets &#39thumbs up&#39 from IFAs

Legal & General&#39s mortgage sourcing and financial services software package has been given a resounding thumbs-up from IFAs.


Over 95 per cent of the 290 IFAs attending the first week of L&G&#39s MortgageEvent road shows rated Mortgage Preference as an excellent product and said they would buy it.

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Zurich life and pensions up 18 per cent

Zurich Financial Services Group doubled its new single premium income pushing its overall new life and pensions up by 18 per cent to £435m in 1998 from £369m.The financial services group, formed in August 1998 from the merger of British American Financial Services and Zurich Group, saw its new single premium business soar by 49 […]

Norwich Union cuts bonus rates but promises biggest ever payout

Norwich Union says that 70,000 people will benefit from a record £1.25bn projected maturity payout but it has cut its annual bonus rates.The annual bonus rates have been reduced to reflect expected lower investment returns. The savings rate has been cut to 5.5 per cent from 6.0 per cent. The pensions rate has been cut […]

GRE race comes down to two

The scramble to buy GRE has become a two-horse race between Eureko, an alliance of seven European insurers and Royal & Sun Alliance.The GRE board says it will be making a decision before the end of the month.Royal & Sun is believed to value GRE at £3.4bn and has discussed offering 390p per share.Eureko is […]

Wilkinson launches Tep broking service for IFAs

Former SEC managing director Alan Wilkinson has launched an IFA broking service for buying and selling Teps.North London-based Genesis Financial Services will aim to provide IFAs with best advice in the Tep marketplace.

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]

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