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Zurich in Deutsche Bank talks but will keep Threadneedle

Zurich has said that Threadneedle — its UK asset management arm — will remain part of the group desdpite confirming plans to sell the rest of its asset management businesses, its Zurich Scudder Investment arm, to Deutsche Bank.

Zurich may also acquire several insurance subsidiaries of Deutsche Bank as part of the deal.

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Six out of ten IFAs believe depolarisation would have a negative impact on consumers, according to the latest findings from market researchers ORC International.In its quarterly broker survey 58 per cent of the 225 firms who responded believe any further changes to polarisation would lead to consumer confusion and less choice for clients.Only 9 per […]

The final countdown

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Royal & SunAlliance Investments predicts world economy to plunge into recession

Royal & SunAlliance Investments says it expects the global economy to be tipped into a recession in one of the first investment outlooks published since attack on the USA.It says the downturn will be deeper than previously expected but its impact will be softened by deeper interest rate cuts.R&SA says that in the short term […]

C&G axes dual rates after FOS ruling

Cheltenham & Gloucester has ditched its dual variable rate policy after the Financial Ombudsman Service&#39s ruling against Halifax. It says it may reverse its decision if other cases do not follow the same pattern.

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