Royal London says group total life and pension sales increased by 30 per cent to 115m in the first six months of this year. Subsidiary Scottish Life saw its business grow 31 per cent to 97m in APE terms. Protection arm Bright Grey’s business rose by 18 per cent to 11m while Scottish Life International’s sales rose by 46 per cent to 7m and Royal London Asset Management saw net new business of 450m.
It is very easy to be cynical of socially responsible investments (SRI).
Nicola York asks if clients want added-value services on critical cover or if they consider them to be fripperies that push up policy costs
Prudential is increasing its equity exposure in its 73bn life fund. It has boosted UK and overseas equity exposure while reducing property and fixed-interest holdings due to concerns over yields and falling interest rates. Investment director Martin Brookes, who runs the mammoth portfolio, says equities are looking increasingly attractive, with earnings’ growth outpacing price growth, […]
Newcastle Building Society is closing 19 branches which have become increasingly unviable due to falling customer usage.All these branches are outside the society’s core north-east region. The closing branches have become increasingly under-used by customers according to Newcastle BS and this trend is likely to continue over the longer term. It has therefore become difficult […]
As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.
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An influential Government committee has written to the FCA outlining its concerns that the regulator’s protection of British Steel Pension Scheme members remains ‘grossly inadequate’. In a 15 December letter to FCA supervision director Megan Butler, work and pensions committee chair Frank Field says it is apparent there are “insufficient protections” in place to prevent […]
The Government will lower the age at which people be auto-enrolled into a workplace pension from 22 to 18 as part of the 2017 review into auto-enrolment. The proposal, due to take effect from the mid-2020s, is part of a package of measures the government wants to introduce to improve the coverage of workplace pensions. […]