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Royal London to axe 670 jobs

Royal London has announced that 670 jobs are to go across its business including 200 at its Scottish Life subsidiary.

The cuts follow a thorough strategy review of the business. The Royal London direct sales force will be reduced from 350 to 150. The other cuts are made from its servicing and IT departments of the group as it seeks to eliminate duplication following on from its acquisition of Scottish Life and United Assurance.


Winterthur selects M&G bond

Winterthur Life is adding the M&G corporate bond fund to its Tailored Selection, now numbering 42 funds available to Sipp investors. The fund is managed by Anna Lees-Jones and invests purely in sterling-denominated securities.

&#39Get an IFA&#39s advice when marriage is all shook up&#39

The carve-up of marital assets that is likely to follow actor Nicholas Cage&#39s divorce from Lisa Marie Presley should remind couples in similar circumstances of the need to seek expert advice, says Bradford & Bingley.B&B says high-profile celebrity separations, including the ending of singer Jennifer Lopez&#39s marriage to Cris Judd after only eight months, should […]

Excluded property trusts

Where a person who is non-UK domiciled (for inheritance tax purposes) establishes a (normally discretionary) trust and that trust invests in non-UK situs property, under current law the trust will be outside the IHT net forever – even if the settlor later becomes UK domiciled for IHT purposes. This is what is known as an […]

Sandler: Life Assurance

It is in the area of life assurance taxation that Sandler has been most controversial. Here two main areas have been identified for overhaul &#45 the qualifying life policy rules and the 5% tax-deferred withdrawal rule. The qualifying policy rules mean that if a policy satisfies certain conditions (eg. it can run for 10 years) […]


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