View more on these topics

Old Mutual considers sale of life business

South African financial services group Old Mutual is reviewing its UK life insurance subsidiary as part of its plan to focus on asset management.


Old Mutual closed its books to new life business last year but continues to manage existing business.


A spokeswoman says the review was only started a few months ago and any decision on the life business would not be made for some time.


A sale of the business is being considered. Other options include outsourcing the administration of the business or continuing with the existing situation.

Recommended

Downing&#39s Classic VCT

Downing Corporate Finance has added another venture capital trust to its existing range with the aim of raising £10m.The Downing Classic VCT is designed to invest predominately in established businesses of a high quality that have a long term track record in their sector with a consistent ability to make profits. According to Downing, two […]

Household Mortgage Corporation cuts rates

The Household Mortgage Corporation is lowering the interest rate on its standard and self-certified fixed-rate mortgage schemes for a limited period.The standard scheme with loans up to 95 per cent of the purchase price will be 6.75 per cent and the new rate for the self-certified scheme will be 7.25 per cent.Both rates will be […]

Scottish Life appoints two new senior managers

Scottish Life is making two new appointments to its senior executive team.John Wallace will become general manager of customer services and David Hughson general manager of investment.Wallace joined Scottish Life&#39s systems division in 1967 before becoming assistant general manager of administration in 1994.Hughson joined in 1981 and became chief investment manager in 1996.Both appointments are […]

David Taylor to head HSBC smaller companies division

Former GT Global smaller companies fund manager David Taylor is joining HSBC Asset Management as it attempts to halt a £15m wave of redemptions.Taylor will head up HSBC&#39s smaller companies division. He replaces Ashton Bradbury who is leaving for Hill Samuel Asset Management next month.The HSBC Smaller Companies fund has been hit by £15m in […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment