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Skandia shareholders give the green light for Old Mutual takeover

More than 70 per cent of Skandia shareholders have voted to accept Old Mutual’s proposed takeover offer, Money Marketing understands.

Today was the final deadline for shareholders to decide whether to accept the South African insurer’s bid.

Sources close to Skandia say the takeover is likely to take place over the next few months and at this stage it is likely that both of the firms’ intermediary platforms, Skandia and Selestia, will be retained with their current branding.


Critical barrage for Big V plan

Advisers have criticised Virgin Money’s cancer-only protection product, The Big V, for being more expensive and having less coverage than many critical-illness policies. There are concerns that clients could switch out of CI cover or life policies and be worse off. The product is administered by Scottish Widows and features three stages of cancer cover […]

Product matters

Richard Skelt and his team at Fidelity are being given scope to use the full range of investment possibilities under the UK equity income and UK all companies sector rules when managing the new multi-manager equity income and multi-manager special situations funds. This means they will be able to invest up to 20 per cent […]

Holding back the years…

Adair Turner will be looking worried if we all share the longevity genes of the Sherman family. Close IM’s 71-year old marketing manager David Sherman revealed recently that his mother was the Face of Brighton & Hove back in 1901 and lived to the ripe old age of 99. Sherman’s auntie also reached 100 and […]

Flight to join Guernsey Financial Services Commission

Guernsey’s Parliament has elected Howard Flight, Rosemary Radcliffe and Susie Farnon to its Financial Services Commission.The States of Guernsey has appointed the three financial services experts to its regulatory body. They will together work to ensure international regulatory standards are met.Flight is a former Conservative MP and a director at Investec Asset Management. Farnon is […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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