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Royal Liver snaps up Park Row

Friendly society Royal Liver is set to buy Park Row group for £16.7m. Royal Liver intends to take full ownership of the business but Park Row will continue to operate under its own name as a stand-alone business. Royal Liver says it has made the offer to increase its distribution and product development.


Isis warns slump may be worse than 1929 crash

Isis is warning that if US equities do not rise by at least 7 per cent a year until 2009, global markets will have performed worse than in the 1929 crash.Chief investment officer Robert Talbut says companies are repairing balance sheets after poor profitability and interest rate cuts have not had the desired effect.Isis says […]

Open and shut case

Change is the word perhaps most often applied to the life and pension industry nowadays. For years, everything was the same. Now it is not.New business volumes are, at best, static and the market is oversupplied and the seemingly never-ending equity slide is dramatically affecting economics.With challenges to product design and pricing and the polarisation […]

Suffering from paranoia or is it persecution?

First, we have Howard Davies saying he does not think hindsight reviews are helpful either to the industry or the public. But then, the deadline for holders of low-cost endowments to claim that their policy was missold to them is mysteriously extended, presumably because rather fewer policyholders than certain people had been hoping had actually […]

Independent view

There was an interesting theory being touted by many young, straight out of Oxford merchant bankers a couple of years ago.Indeed, we were “flattered” to be approached with this wonderful get rich quick idea.They came along to me and said: “Peter, you should just expand your number of IFAs.”It did not seem to matter whether […]


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