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Wells Street Journal: What next for Skandia after raising Arizona?

News that Skandia’s acquisition of Intrinsic had been codenamed Arizona has sent Wells Street Journal reporters with too much time on their hands scurrying to find an explanation.

Insiders suggest the choice of name holds no real significance, and a quick glance at an atlas suggests the town of Skandia, Michigan, is nearly 1,600 miles from Arizona City.

However, they also say such code names come in batches and if, hypothetically speaking of course, the firm was looking for another acquisition or two, related code names would be used.

When the Wells Street Journal thinks of Arizona, two things spring to mind: the Coen brothers’ classic 1980s comedy Raising Arizona and The Orb’s equally classic 1990s hit Little Fluffy Clouds, which includes the line “We lived in Arizona, and the skies always had little fluffy clouds in ’em”.

So, which route will the brightest minds Southampton has to offer take?

The Raising Arizona avenue could be the easier one, with stars Nicolas Cage and Holly Hunter decent bets.

But a trek through The Orb’s back catalogue could be a more interesting direction of travel. Pomme Fritz (Meat ’N Veg) and Bang ’Er ’N Chips are two cryptonyms that might also do the job.

Follow the Wells Street Journal on twitter here


Loney-Phil-Royal London-2013

Royal London adds £318m in with-profits bonuses in 2013

Royal London added £318m to the value of its with-profits policies in 2013 through annual bonuses. The life office’s with-profits bonus statement, published this week, shows a further £81m in value was allocated through a mutual dividend. In 2012, Royal London added £282m to the value of its with-profits policies through annual and final bonuses, and […]


Better Business: Proper disclosure of adviser charging

The FCA has published its findings on adviser charging following its review of 113 firms in October 2013 in TR14/6, Supervising Retail Investment Firms: Being Clear About Adviser Charges and Services.  The message is clearly that the FCA is not happy. It states: “…the level of non-compliance we identified and the failure of firms to meet […]


Tom Kean: The tyranny of change

Despite the recent Budget revelations, which proved to be the most radical changes seen since pension simplification,  I still live in hope that one day we will all be allowed to live in peace from the tyranny of change. While a sportsman says: “The older I get, the better I was”, an IFA says: “The […]


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