View more on these topics

Royal London to unlock orphan assets

Royal London is in discussions with the FSA to unlock around £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 £1.6bn last April. Refuge Assurance merged with United Friendly in 1996.

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

Recommended

Internet security problems need higher priority

Half of all insurance professionals, including IFAs, would not gamble on the security of their IT systems, according to recent research by CMG. A survey of insurance professionals by CMG subsidiary CMG Admiral reveals half of them would not bet more than £163.1 that their IT systems are safe from security attacks. The results suggest […]

Flexibile annuity from the Pru

Prudential is aiming to give clients greater choice and flexibility with the introduction of its flexible lifetime annuity.This with-profits and unit-linked annuity has a choice of three investment strategies — cautious, standard or adventurous — plus a self-management option that allows investors to choose their own funds. There are 13 funds available including the Prudential […]

Standard Life cash plan joins corporate clan

Standard Life is extending its healthcare cash plan to the corporate market.The corporate health cash plan is available for groups of three or more employees. It has 24 cash benefits including dental, optical and hospital stay and has four levels of cover. Premiums can be paid monthly or annually on a single or joint life […]

Whiteoak to set up small-cap fund for Framlington

Framlington is starting the 2001/02 tax year by launching a UK smaller companies fund run by star fund manager Roger Whiteoak. The fund will open on April 9, with a launch period to April 27 offering 1 per cent off the initial charge of 5.25 per cent. Whiteoak was recruited from Rathbone Unit Trust Managers […]

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