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RBS confirms sales of NatWest insurance holdings

The Royal Bank of Scotland has confirmed the sale of its 50 per cent stakes in NatWest Life and Royal Scottish Assurance to CGNU.

The £600m deal comes as no surprise as it formed part of the takeover bid RBS launched for NatWest in November.

The high street bank is also launching the new marketing campaign for the redesigned NatWest.

The television, national press and poster campaign features the slogan “Another Way.” It is intended to poke fun at competitors such as Barclays who have closen large numbers of branches in recent months.

The ads reassert the banks&#39 determination to keep branches open.


Schroder Unit Trusts has introduced its first EuroTech Fund

Schroder Unit Trusts has introduced its first EuroTech Fund because it believes European companies will continue to stay ahead of America in the development of third generation mobile phones, which offer access to the Internet. The fund is not for the faint-hearted. It is most suitable for sophisticated, specialist investors who are prepared to take […]

Internet links aim to list specialist brokers

Internet-based financial services directory Online-IFA has set up aservice to put IFAs in contact with specialists.The new section of the directory enables any IFA with a specialisation toregister with Online-IFA and get a free hyperlink to their own website.The main Online-IFA site, which advertises itself as “run by an IFA forIFAs” was launched in early […]

Johnstone Douglas offshoot to target affinity groups

IFA Johnstone Douglas plans to expand by cornering anew market for adviceto affinity groups.It is forming a subsidiary company to focus on marketing personalfinancial planning to affinity groups in the public and private sectors.The firm, which has offices in Croydon and Birmingham, says there is aneed for financial advice and expansion into this market should […]

Royal & SunAlliances Japan Growth open ended investment company (OEIC)

Royal & SunAlliance&#39s Royal & SunAlliance Japan Growth Fund open ended investment company (OEIC) is designed to capitalise on the recovery of the Japanese economy.Japan Growth will aim for medium to long term growth by investing in a spread of Japanese stocks and other investments. The company believes that Japan has now turned the economic […]


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