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R&SA embarks on pensions campaign

Royal & SunAlliance is linking up with IFAs and employers to raise pension awareness among the &#39thirty-somethings&#39 age group.

It has launched a campaign to target employees in the new stakeholder pensions environment.

It is basing the campaign on lessons learnt in the USA from 401(k) plans.

It is aiming to use the variety of communication techniques used in the US to attract a higher proportion of the population to invest in pensions.

This US research has shown that people prefer to have the flexibility to choose their own method of communication from which to receive information.

It believes the key to this is to use IFAs to educate both employers and employees using the communication method they most prefer.


Unum sales hit all time high

Unum has reported record first quarter sales of £7.8m.Sales were up 190 per cent to £7.8m over the first quarter in 1998. The figure was also up 12 per cent on its previous record, set in the fourth quarter of 1998.IFA group and individual business was up 138 per cent to £4.3m and 62 per […]

Alliance & Leicester and Bank of Ireland confirm merger talks

Alliance & Leicester and Bank of Ireland have confirmed they are in merger talks following press speculation this weekend.The move is expected to lead to cost savings of £200m.If the merger receives approval, Bank of Ireland will become the dominant partner based on its market capitalisation, with 55 per cent of the new company.The merger […]

Royal London announces the death of commission

Royal London has announced the &#34death&#34 of commission.The life office has announced new plans paving the way for the introduction of &#34qualitative rather than quantitative&#34 remuneration package, based upon a broader range of factors.These will include policy lapse rates, complaint levels, productivity and professional excellence.Royal London human resources director John Hume says the proposed changes […]

National Savings receives thousands of inquiries about pensioners bond

National Savings says it has already received thousands of inquiries about its new two year pensioners guaranteed income bond.The bond goes on sale on 2 June.National Savings chief executive Peter Bureau says:”We are delighted to be able to offer savers more choice in the way they want to save.”


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