View more on these topics

Standard says new business will fall

Standard Life chief executive Iain Lumsden has admitted the group expects new business to be down at the end of 2003 on 2002.

Speaking at the life office&#39s AGM he conceded that sales in Canada, its second biggest market for life and pensions were slow but added that the group expects the majority of future growth to come from overseas businesses.

On bonus cuts over the last fifteen months Lumsden warned that whatever happens to equities, members must expect terminal bonuses and pay outs will be lower in the future, compared to the past.

Recommended

Baring Asset Management – Baring Asia Hedge Select Fund

Wednesday, 23 April 2003 Type: Hedge fund of funds Aim: Growth by investing in hedge funds Minimum investment: $100,000 Place of registration: Dublin Investment split: 100% in hedge funds Charges: Initial up to 3%, annual 1.5% Commission: Initial up to 3% Tel: 020 7214 1900

Inside edge

Everyone is talking about simplification in financial services and how important this is to get more people saving. Nothing can be more true than in the pension arena where, frankly, far too many people are saving little or nothing and many face the prospect of a miserable retirement.The Pension Green Paper is intended to sweep […]

Property is still seen as safe haven

Property is still the most popular refuge for the nation&#39s savings despite a reduction in spending as a result of the Iraq war, says Yorkshire Bank in its latest housebuyers&#39 survey.The survey found that one in 10 homeowners are now considering their spending much more carefully, with the current situation in the Middle East causing […]

Court rejects claim against Widows over admin delays

A court has rejected an adviser&#39s claim against Scottish Widows over administration delays on the basis product providers are not responsible to IFAs for negligence if advisers are not placing business with them.The decision has left the adviser calling for an IFAs&#39 ombudsman to decide on compensation for losses caused by provider bungles.Hampshire IFA Procrown […]

Brexit & the mid cap buying opportunities

By Mark Martin, Head of UK Equities at Neptune  Amid the market volatility in the lead-up to the Brexit referendum, there are buying opportunities for the prudent investor, explains Mark Martin. Click here for full article Important Information: Investment risks This fund may have a high volatility rating and past performance is not a guide […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment