View more on these topics

Stop the merrygo-round

I am watching bemused at the antics of our great industry/profession.

In the old days when companies amalgamated, there was a saving somewhere, which allegedly was passed down to the clients/policyholders.

However, since AMP screwed NPI, I view this constant merry-go-round as a “get very rich” scheme designed to do nothing for the people we told to trust in us when we chose a company for them to invest in for their life savings. What benefits would have arisen from Pearl or Standard Life if they had got into bed with Resolution?

Friends Provident picks up a very nice bonus for not getting into bed.

John Joseph
Borehamwood
Hertfordshire

Recommended

New Star takes heart with £34m

By Chris SalihNew Star’s heart of Africa fund has roared to £34m in its three-week offer period.The fund, which is managed by Jamie Allsopp, is already at one-third capacity as it is to be capped at £100m.It will invest in sub-Saharan Africa excluding South Africa, although over a third of the holdings are companies based […]

Phone business cuts non-disclosure

People are five times more likely to non-disclose when they apply for protection policies on paper rather than with tele-underwritten applications, according to an Axa survey.

Le Beau joins Health Claims Bureau board

Le Beau Visage managing director Peter Le Beau has been appointed as non-executive director of Health Claims Bureau.HCB is part-owned by GenRe and specialises in claims services, providing assessor support and training, process and system reviews, home visits, and investigation and surveillance services.HCB Group managing director Jim Harris says: “Peter will be a major asset […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment