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Profits up 16% at Royal London

Royal London’s profits in 2006 rose by 16 per cent to 116m from 100m in 2005. Contributions from new business rose by 16 per cent to 36m from 31m.

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Winterthur IFA business shake-up

Winterthur is restructuring its UK IFA business.Nick Lee becomes head of marketing and Professional Edge adviser support service. He will run the marketing team and continue to develop the IFA services.Bernard Henshall has been appointed head of investment distribution, supporting the sales team and building relationships with third party investment managers.Rhidian Williams will take the […]

FSA warning over Sipp promotions

The FSA is warning that it has concerns about a signif-icant number of Sipp financial promotions in the run-up to regulation.The regulator undertook a review of Sipp financial promotions in the lead-up to regulation on April 6 and says firms need to take steps to ensure promotions comply with its requirements.It warns that it will […]

Aviva looks at investment branding

Aviva is looking at bringing its Norwich Union and Morley investment arms under a single, global Aviva Asset Management brand, sources close to the company say.Morley is best known in the UK market for its property management team although its retail fund is branded Norwich Property. It is understood the insurer is concerned it is […]

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