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Pru and ScotAm intermediary sales merge in new company

The intermediary sales operations of Prudential and Scottish Amicable are to be combined in a new company called Scottish Amicable Financial Services.

Pru and ScotAm products will be available from the new company, which will employ 166 field and 70 telephone account managers. The Pru took over ScotAm in 1997.

ScotAm Financial Services group sales director John Cowan will head the new company. Cowan says: “In removing duplication of effort, this venture will help IFAs grow business by opening a wider portfolio of business from a single source.”


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The ideal investment is one that gives high potential growth or income with a guaranteed return. Credit Suisse First Boston has pioneered an investment for institutions which should achieve this objective. It invests in a portfolio of hedge funds and fixed-interest securities and gives a guaranteed return of the original capital invested after a number […]

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