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Royal & SunAlliance to review life business

Royal & SunAlliance has announced a shake-up of its life assurance operations.

The review will see the life office move away from its traditional business area of with-profit funds and endowment policies. The results of which will be announced in September.

The news came as the RSA Group unveiled its first half year profits has slumped by 22 per cent to £315m from £406m for the same period in 1998.

The group blames the fall on its general insurance side where claims cost on motor insurance rose sharply due to new legislation which forces insurance companies to pick up the NHS bill for traffic injuries.


FSA sets misselling review deadline

The FSA has set a final deadline of June 2002 for the remaining pensions misselling review cases to be cleared up, according to the Financial Times.The report says there are more than two million outstanding cases which are expected to be finished by this date, at a total cost to the industry of £11bn.The deadline […]

CII widens continuous assessment for AFPC

The Chartered Insurance Institute is expanding its continuous assessmenttuition system for IFAs taking the Advanced FPC exam.The CII says continuous assessment improves IFAs&#39 chances of success withthe AFPC. It currently offers this facility on two AFPC subjects – G10taxation and trusts and G60 pensions.After April&#39s exams, it will extend its continuous assessment tuition toG20 personal […]

Norwich Union to enter offshore market

Norwich Union is planning to enter the offshore market with a range of long term investment products.The announcement comes after it was granted a licence by the Irish Development Authority to establish an international financial services company based in Dublin.The life office is aiming to launch a range of products within the first quarter of […]

Scottish Friendly launches Isa to IFA market

Scottish Friendly Assurance is launching its Isa range into the IFA market.The friendly society is targeting 7,800 IFAs with a mailing providing details of its three products.The society&#39s Isa was launched to its existing customers in June. Its maxi version consists of equity, cash and insurance components.Its mini-Isas are only available on an equity or […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?


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