View more on these topics

Royal London to unlock orphan assets

Royal London is in discussions with the FSA to unlock around £163.65m of orphan assets acquired from a subsidiary company. The assets come from Refuge Assurance, which Royal took over when it bought United Assurance for £163.1.6bn last April. Refuge Assurance merged with United Friendly in 1996.

The move follows Axa&#39s successful court case to distribute its orphan assets and will affect up to 200,000 Refuge policyholders.

Recommended

Portal in a storm

Portals are not a new concept. These entry points to the internet, which offer content and services, search facilities and enable transactions, provide customers with advice, transparent prices and a wide range of products from which to choose. But, to date, the benefits for financial services providers have been limited. The marketers&#39 theory is that […]

&#39Pseudo-guides duping the public&#39

Two leading IFAs are calling on the FSA to clamp down on Isa broker guides issued by many discount brokers, claiming they are misleading investors. Torquil Clark says the FSA needs to tackle the “highly questionable” fund selection process used in many of the guides. In a letter to FSA chief executive Howard Davies, Torquil […]

Friends Provident – e-Ifa Protection

Wednesday, 21st March 2001.Type: Term assurance.Minimum sum assured/premium: None/£6 a month.Minimum-maximum term: 5 years-30 years or age 65 if sooner.Charges: None.Commission: Initial 10 per cent.Tel: 01722 311122. 

Henderson Global Investors – Independent Distribution Portfolio Trust

Tuesday, 20th March 2001.Type: Unit trust.Aim: Income by investing in unit trusts, Oeics and fixed interest securities.Minimum investment: £5,000.Investment split: UK equity income 48 per cent, UK fixed interest 36 per cent, global fixed interest 10 per cent, sterling cash deposits 6 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5.25 per cent, annual 1.25 per […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com