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S&P has negative outlook on Standard

Ratings agency Standard & Poors has revised its outlook on Standard Life to negative but maintains its AAA rating.

It says its capitalisation has weakened and the options open to Standard to manage capital following market volatility and any further falls are limited.

S&P also says costs and payouts will have to be carefully managed, but says a negative outlook does not necessarily mean a downgrade.


AMP is seeking buyer for Pearl 1,000 salesforce

AMP is known to be seeking a buyer among IFAs for Pearl&#39s 1,000-strong direct salesforce following its closure to new business as part of a restructure of its UK operations.The restructure will see AMP UK split into two divisions, one for ongoing business, including Towry Law, Ample and NPI, and the other operating a closed […]

Sandler wants advisers to sell stakeholder suite

IFAs will be among the primary distribution channels for the new suite of stakeholder products, with alternative distribution channels only developing over time, according to Ron Sandler.His recommendation of the creation of safe-haven products got the official blessing of the Treasury last week at a Government-sponsored seminar in London, where Sandler pointed to IFAs and […]

BIG in Europe

Online brokers battered by plummeting share prices are hoping to profit by working in partnership with the growing number of fee-based advisers, according to Self Trade managing director Peter Moores.He claims discount broker Self Trade has weathered the storm of the dotcom crashes that sent other online businesses to the wall by targeting fee-based IFAs. […]

WP bonds &#39could miss out in market recovery&#39

IFA Bestinvest is warning investors to steer clear of most with-profits bonds under current conditions as they are unlikely to benefit from the full effects of a stockmarket recovery.In its latest guide, Bestinvest says only life offices with good financial strength are worth considering as many need to replenish weakened reserves and cannot offer satisfactory […]


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