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Pru to ditch Scot Am brand

Prudential is to ditch the Scottish Amicable brand as part of a major re-structuring.

Money Marketing had revealed earlier this year that the brand was up for review, but the re-strcturing also includes Prudential selling its general insurance business to Winterthur, who will merge the new business with their Churchill operation.

Prudential also announced that a further 2,100 jobs are to go by 2004, on top of 2,000 job losses already announced this year, and says it intends to focus on more profitable lines of business such as group pensions and with-profits bonds.


Are you XPerienced?

A couple of months ago I was talking to our office network manager about buying a new PC for a member of my family.The question was did I buy it then or wait until Windows XP was released. His immediate reaction was: “Why would you want to buy a PC with an unproven operating system?”Although […]

Axa sounds out IFAs on linking up for multi-tie

Axa has been canvassing IFAs&#39 support for multi-ties, warning those left behind may have to accept fees and encouraging them to discuss their future with Axa.The insurance giant has been writing to IFAs, saying major change to the market is on the way.IFAs are asked to complete a questionnaire which asks if they would consider […]

Synaptic refines Product Research Professional

Synaptic Systems has integrated quotation and new business functions into its Product Research Professional software. The development means Synaptic&#39s 8,000 IFA PRP users can now get comparative quotations, submit new business applications and produce reason why letters using pre-populated forms for personal and executive pensions, investment bonds and term assurance through the IFAonline portal. Synaptic […]

Consumers&#39 Association says FSA fails orphan test

The Consumers&#39 Association has criticised the FSA over its proposals for inherited estates, saying they fail to address who owns the funds or what they are worth.The proposals, which are part of the FSA&#39s with-profits review, set out how life offices should handle the process of attributing and distributing inherited estates.The FSA&#39s consultation paper outlines […]


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