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Nat Mut explains demutualisation to policyholders

National Mutual is writing to policyholders explaining its demutualisation and sale to GE Capital.

Policyholders will be asked to attend an EGM on November 20 at Lords cricket ground in London to vote on the proposals. GE bought NatMut in June in a deal worth £570m. Members will receive £500 for loss of membership rights. A further £280m will be distributed over time to qualifying policyholders in bonuses.


Competitive edge

The Financial Services Forum will be looking at strategies for competitive advantage in financial services marketing in London next month. The event will include presentations on how those responsible for their companies&#39 strategies can achieve innovation in marketing.Speakers will include Cahoot managing director Tim Murley describing creating a new bank, Lloyds TSB Create managing director […]

Merrill Lynch income and growth product offers annual 8.25% yield

Merrill Lynch Investment Managers has set up a protected income and growth product offering a yield of up to 8.25 per cent a year.The Merrill Lynch def-ined returns 2 fund opens from October 29 until the end of November.The product offers two share classes – income and zero-dividend preference shares – and is linked to […]

Skandia adds to life cover in bond rebrand

Skandia is rebranding its bond range and offering enhanced additional life cover to investors.Skandia&#39s onshore bond range which includes its investment, capital and income and distribution bonds, will now come under the “multi” banner within its multi-manager fund supermarket.IFA clients can select life cover of up to 125 per cent of the initial investment with […]

Portfolio is set to offer blue-chip protection

Legal & General is introducing a new protected portfolio which offers investors growth while giving some protection on their capital.The protected portfolio is available for investments from October 22 until November 30. It invests in 30 stocks selected from the top 200 UK companies and has a five-year term with capital security at the fifth […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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