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Royal London sales rise by 10%

Royal London Group saw new life and pension business rise by 10 per cent in 2006, growing from 1.8bn in 2005 to 1.99bn, on a present value of new business premiums basis. Bright Grey’s new business volumes fell by 6 per cent from 163m in 2005 to 154m in 2006.

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Garrett-Cox quits Morley for role at Alliance Trust

Katherine Garrett-Cox is leaving Morley after less than three years at the fund group.Garrett-Cox, known as Katherine the Great in the City, is to join Alliance Trust as chief investment officer and group executive direc-tor in May. She will oversee development of Dundee-based Alliance Trust’s fund management arm, which has plans for expansion.Adrian Jarvis will […]

Code comfort on PPI

There is a short answer to Julian Stevens’ letter about the misselling of payment protection insurance. Before January 2005, the ordinary law of negligence and, for product providers, misrepresentation and non-disclosure applied. For General Insurance Standards Council members, the GISC rules applied. The Private Customers Code 3.2 and 3.3 would have covered this. Adam Samuel […]

Record £13.5bn inflows for M&G

M&G saw record gross inflows of £13.5bn last year, up by 70 per cent on 2005. Retail fund inflows rose by 75 per cent to £6.7bn, supported by strong performance across its UK equity and property funds.

Correspondent’s Week

This week by Financial Mail on Sunday reporter Andrew Foxwell.

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]

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