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The merged group….

The merged group of CGU and Norwich Union will locate its life functions

in York although it will not yet confirm staff numbers. Norwich will house

the group&#39s general insurance section although the city will still be hit

by job losses. Group corporate operations will be based in London. A CGU

spokesman says, out of the 35,000 employed by the two groups, 4,000 will

lose their jobs in each of the four


B&W boosts e-commerce

Bristol & West is launching two e-commerce initiatives to increase accessto its services.Its new website includes four internet-only products, while itsinteractive site with Telewest Communications on digital television givesit a foothold in the new distribution channel.B&W is hoping the innovations will help it foster new relationships withcustomers by giving them access to information whenever and […]

Broker support team for Cater Allen Bank

Cater Allen Bank is creating an intermediary sales support team in a bidto boost its banking services.CAB says it has assembled the sales team to boost its commission-payingbank account services to intermediaries.Newly appointed regional sales manager Andrew Chalmers has been with CaterAllen since 1998. His role will involve co-ordinating six area salesmanagers.The new managers include […]

Murray Johnstone predicts VCT2 firms are tomorrow&#39s big cheeses

Murray Johnstone VCT2 has reached its investment target, with 11investments completed during the year.This means that 73 per cent of the portfolio, amounting to £24.2m, isinvested in qualifying investments at the year-end.One-third of the initial investment cost has now been returned toinvestors, with total dividends of 13.51p being returned on the initialinvestment of 40p per […]

Annuity Bureau applauds Government decision

The Annuity Bureau has welcomed the Treasury&#39s proposal to increase the age individuals must buy an annuity to age 80 from 75.The retirement specialists say the move has been long awaited and is much needed.It believes the move will allow people greater investment freedom which in turn will benefit the income drawdown market.It says the […]

A guide to automatic re-enrolment

Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]


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