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Swiss role for Zurich float

Zurich Financial Services is heading home. The Anglo-Swiss insurer plans

to consolidate its stock exchange listings. The proposed deal will see ZFS

become the quoted holding company listed on the Swiss stock exchange and

absorbing Swiss-quoted Zurich Allied and UK-quoted Allied Zurich.

Zurich, which owns Allied Dunbar, Eagle Star, Threadneedle and Sterling in

the UK, plans to apply for a primary listing on the Swiss stock exchange.

It will also apply for a secondary listing in London.

The group denies that the move has anything to do with amendments made to

the tax status of multinationals in the UK in the March Budget and it hopes

the procedure will be completed by the end of the year following

anticipated shareholder approval in June.


Record first-quarter business at NU

First-quarter new business at Norwich Union hit a record 122m equivalentpremium income, an increase of 67 per cent on the 74m for the same per^_iodlast year.New long-term savings bus^_iness broke all NU records.Single-premium bond sales rose by 85 per cent 304m from 164m in 1999.NU says the rise in single-premium bond business ref^_lects IFAs&#39 interestin […]

Egg rolls into supermarket

Supermarkets are emerging as tough competition for IFAs. Egg&#39s launch of amortgage supermarket, closely following its mutual funds supermarket, marksit out as a prominent direct seller, although IFAs are not totallyexcluded.Mortgage supermarkets are set to provide a big business challenge to theUK&#39s IFAs. Egg&#39s decision to offer other lenders&#39 products as well as itsown indicates […]

Trolley good show

The supermarket has become a one-stop shop where you can buy almostanything while saving time and money.Now, a new type of supermarket has arrived where people can go to plantheir financial future and fill their trolley with unit trusts, Oeics andIsas.But not all fund supermarkets are equal. How do you tell them apart? Whatare the […]

&#39PPI investments fail stake criteria&#39

Pooled pension investments will fail the stakeholder crit^_eria, accordingto leading fund managers.The warning comes from the chairman of Autif&#39s pensions advisory groupFiach Maguire, who says most collective investments, such as unit trusts,investment trusts and Oeics, fall foul of the 1 per cent charge capgoverning stakeholder.Collective investments generally have initial charges of up to 6 per […]

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]


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