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Zurich Life renamed Reassure UK

Recently acquired Zurich Life has now been renamed Reassure UK Life Assurance Company Ltd, with the change taking effect this week.

Zurich Life was acquired by reassurer Swiss Re in a deal sealed in November.

Swiss Re says the name change is to avoid confusion for customers, saying it is important the company has a new identity to separate it from the Zurich Financial Services Group.


Standard Bank Offshore stages lock in

Standard Bank offshore has created a guaranteed equity bond that locks in 25 per cent growth if the FTSE 100 index rises by 25 per cent at any point during the five-year term. Equity growth deposit is available to investors with at least the £10,000 minimum and it returns investors&#39 original capital regardless of how […]

Skandia prepares for A-Day rush with s32 launch

Skandia is entering the section 32 buyout market for the first time as it anticipates huge demand ahead of A-Day. The provider is adding an s32 plan to its single-priced pension range aimed at IFAs looking to ringfence tax-free cash and death benefits before the new pension tax regime comes in. IFAs have welcomed Skandia&#39s […]

FSA fines Bank of Scotland £1.25m for money laundering rule breaches

The Financial Services Authority has fined Bank of Scotland £1,250,000 for failing to keep proper records of customer identification as required by the FSA&#39s Money Laundering Rules. The FSA&#39s investigation confirmed weaknesses in BoS record keeping systems and controls across its retail, corporate and business banking divisions. In over half of the sample of accounts […]

Reid all about it

As many people who know me will testify, I am seduced by gadgets. This Christmas was no exception. I only remembered that my car lease was up when the company called to see if I wanted to keep the car. I have to declare that cars are not my burning passion, so going out to […]


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