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The Hartford takes US Govt TARP hand-out

The Hartford has become the first US life assurer to take public funds, according to the Financial Times.

The newspaper claims the group confirmed on Friday that it would accept £2.07bn from the Government’s troubled asset relief programme and raise up to £455m in share sales.

The struggling provider pulled out of the UK variable annuity market in May due to capital pressures.


Gibbs to head merged Jupiter trust

Jupiter is planning to merge three split-capital investment trusts and relaunch them as a single tax­efficient trust managed by Philip Gibbs.Tony Nutt’s Second Enhanced Income Trust, Gibbs’s Second Split Trust and the Defined Capital Return fund, a pas­sively managed, Jersey-domiciled vehicle, are the affected funds.The combined assets will create a vehicle with more than £200m […]

Change on hold for Henderson range

Henderson New Star head of equities and multi-manager Bill McQuaker says the firm is unlikely to look at any rationalisation of the multi-manager range until 2010.

Group therapy

Group risk benefits have long been among the least trumpeted financial incentives offered by employers. That looks about to change as trade body Group Risk Development (Grid) starts a programme of proactive public relations activity for the first time.


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