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LifeSearch returns to profit

LifeSearch has reported a pre-tax profit of £752,124 for the 12 months to 31 August 2013, following a loss of £296,000 in the previous year.

Turnover increased 13 per cent to £18.1m during the period, from £16m in 2012.

LifeSearch chief executive Tom Baigrie says: “The company has enjoyed a strong year, advising on and arranging over £4.8bn of financial protection for our partners and customers.

“We invested in improving our advice auditing and customer servicing processes as well as achieving a significant reduction in our policy lapse rates. When added to growth in the quantity and quality of our sales, the overall effect has been to improve our core profitability and establish a strong base for our ambitious growth plans.”


Jeremy Tigue 480

F&C veteran Tigue to retire

Veteran manager Jeremy Tigue is stepping down from the Foreign & Colonial Investment Trust as he prepares to retire. Tigue has run the flagship investment trust, which is the first of its kind and launched in 1868, for almost 17 years. He will be replaced on 1 July by F&C Asset Management head of multi-asset investment […]


Join us to debate annuity reform with the FCA

The FSA’s thematic review of annuities contained few shocks as it laid out the regulator’s concerns about a dysfunctional retirement market (you can read all our coverage here). Revelations that most people who buy an annuity with their existing provider could have got a better deal if they shopped around or that annuity comparison websites […]


Threadneedle multi-asset head slashes high-yield exposure

Threadneedle Investments head of multi asset allocation Toby Nangle has slashed exposure to high-yield debt within his fledgling Threadneedle Dynamic Real Return fund. Launched in June, the £49m fund had a 10 per cent weighting to high-yield debt last year but now Nangle has reduced this to just under 1 per cent. Nangle favours equities instead […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. Oops, I read out this number….£4,800,000,00 as £480m, but I’m pretty sure it’s £4.8bn! So that’s the amount of cover we arranged, £4.8 billion. All my fault!

  2. Centaur new web server testing 1. Please ignore.

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