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Uneasy bedfellows

The esteemed Mark Wood, Sun Life & Provincial chief executive, seems to have been on one too many management courses.

Wood and other bosses at Axa Sun Life addressed staff last week against a background of low morale and vituperative staff memos. But Wood&#39s attempts to calm staff backfired, it seems.

Wood revealed that the answer to boosting the company&#39s image was something called the three o&#39clock theory.


Apparently, this involves going into your wife or girlfriend&#39s bedroom at three o&#39clock in the morning and whispering softly in her ear: "Who is the best life insurance company in the world?" If she says Axa, then you know the message is getting across.

Is he serious? Apparently so. But the Diary hears that some staff failed to control their laughter. The response of Wood&#39s wife is not known.



Do you think the Financial Planning Certificate should be overhauled to include more emphasis on investment products? “Yes. My personal opinion is that the FPC is underweight.” John Graham, Taylor Graham Financial Planning “I think the FPC should be completely overhauled because it bears no resemblance to what happens in the day-to-day running of the […]

Luxemburg offices fight Chancellor on confidentiality

Luxemburg-based life offices claim that Chancellor Gordon Brown is asking them to break the law in his clampdown on offshore tax loopholes. The Government wants Luxemburg offices to detail chargeable events made by UK residents. But this would breach Luxemburg laws of confidentiality which state that financial details should not be released to a third […]


Commercial Union and Guardian Royal Exchange saw their share prices dip after the worst UK floods in 50 years. CU&#39s share price closed down by 15p to 1265p, with GRE&#39s share price falling by7.75p to 432.25p on Tuesday. Estimates of the cost of the floods to the insurance industry range from £400m to £1.2bn.

Standard & Poor&#39s Micropal Top 10s

City of Oxford Warrants is fifth out of 522 investment trusts with growth of 200 per cent in the year to December 5. But the split-capital trust, managed by Chris Burvill, is ranked 425th out of 433 over three years. The secret of its recent success has been gearing, enabling ordinary shares to leap sixfold […]

Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]


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