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National Mutual demutualises

National Mutual has announced plans to demutualise, explaining the move as a response to an increase in its unit-linked business to 85 per cent and a consistent reduction in its with-profits business.

It is expected National Mutual will be bought out rather than floated.

National Mutual managing director Gavin Hill says: “The board of a mutual has a duty to operate the business in the interests of its members and the possibility of a review of our mutual status has been discussed at regular times over the years.”


Sway appoints digital media director

Sway is appointing David Hall as director, digital media. Hall was formerly managing director of Real Time Multimedia, and has worked in digital communications marketing for 20 years.In his new role at Sway, Hall will be developing live and on demand internet media to the financial services sector. Sway is developing the capability to deliver […]

Phase two – &#39big six may seize channels&#39

Distribution of financial services products will be controlled by just half a dozen providers if the FSA pushes ahead with plans to scrap polarisation, warns Clerical Medical. Speaking at a conference in London on How Changes to Polarisation Will Affect Your Business last week, Clerical head of strategic marketing David Shelton said the worst-case scenario […]

Pension credits linked to wages

In a bid to boost pensioners&#39 savings, Chancellor Gordon Brown announced pension credits will increase in line with earnings and not prices when they are introduced in 2003.Pensioners&#39 tax allowances will also rise in line with wages and not prices.

Stock Exchange raises international profile

The London Stock Exchange is embarking upon an international promotion to raise the profile of its techMARK and AIM markets overseas.The Exchange is launching advertising campaigns across UK and European media, and will host investor roadshows for fund managers and equity analysts in European financial centres.Exchange chief executive Clara Furse says: “This initiative is a […]


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