In Money Marketing (May 1) you report that Scottish Mutual
International is to close to new business. The position is that SMI
will cease to accept new business from all territories with the
exception of the UK, Channel Islands and Isle of Man.
All with-profits bond products were withdrawn from April 29.
The Abbey National for Intermediaries' sales teams will continue to
provide SMI products for residents of the UK, Isle of Man and Channel
Islands as part of Abbey National's stated strategy of focusing
entirely on UK personal financial services.
Abbey National for Intermediaries,