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ScotEq revamp

Scottish Equitable is set for a re-vamp courtesy of its Dutch parent Aegon.

Aegon UK, the parent group&#39s British arm, is planning to expand Equitable&#39s product range and re-structure the company.

The group and individual protection businesses of Guardian Employee Benefits and Guardian Financial Services will come under the Scottish Equitable mantle within the next few months.

Aegon UK chief executive David Henderson says: “The group and individual protection businesses will both operate within the Scottish Equitable structure, each with its own management team covering sales, marketing, customer service and finance.”


Hi-tech bond boost

The net asset value of Witan grew more than 32 per cent in 1999, partly as a result of investing in technology stocks.By the end of 1999 net profits stood at £2.09bn, while shares were boosted from 1998&#39s share price of 423.9p to 560.7p.Witan is an international generalist trust, but has nearly one third of […]

IFAs face recruitment crisis

The financial services industry faces crisis because IFAs are failing to invest in new blood, according to research by specialist law firm Armstrong Neal.A survey of 200 IFA practices showed 67 per cent could not see a time when they would take a trainee on, the vast majority citing cost as the deciding factor.Of the […]

BoS raises bid stakes

Bank of Scotland has boosted its bid for National Westminster Bank, heralding a bloody final bout with rival Royal Bank of Scotland.BoS shares have risen 17.5 p to 678p, now valuing Natwest at £2.7bn above RBS&#39s bid at £24.8bn. The figure is £3.4bn ahead of Natwest&#39s market value.City experts expect both banks will raise their […]

Isa sales boost

Isa sales are set to match those of Peps, according to figures by the Association of Unit Trusts and Investment Funds.April 1999 launched Isas saw gross sales of £5.5bn up to the end of December, compared with Peps which saw gross sales of £7.5bn in the same period of 1998.Autif director-general Philip Warland believes Isa […]


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