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Royal Londoners vote on £219m Co-op deal
VOTING among over 500,000 members of Royal London is under way on its £219 million deal to acquire parts of the Co-operative Banking Group.
Headhunters seek new finance chief for Standard Life
STANDARD Life has appointed international recruitment specialist JCA Group to search for a chief financial officer following the departure last month of Jackie Hunt.
Prudential fights off shareholder rebellion on pay
INSURANCE giant Prudential defused a shareholder rebellion on pay at yesterday’s annual general meeting, but directors had to suffer being accused of corporate greed from the floor.
Standard Life leads protests over divi cut at RSA’s AGM
STANDARD Life Investments (SLI) led the protests at fellow institutional investor RSA’s annual general meeting (AGM) yesterday as shareholders rebelled over the dividend being slashed by a third and concerns regarding the auditor’s appointment.
Standard Life AGM: Pay deals defended by Grimstone
STANDARD Life chairman Gerry Grimstone was forced into a robust defence of the company’s pay policy yesterday as shareholders expressed concern at poor returns on some policies.
3 commentsRoyal London lifted by 22% rise in new business
ROYAL London, the life insurance and pensions company that owns Scottish Life, has posted a 22 per cent rise in new business for the opening three months of the year.
Partnership Assurance Group in £1bn float plans
PARTNERSHIP Assurance Group, the private-equity backed life insurer, yesterday announced plans to list on the London Stock Exchange in a further sign that the market for flotations is rebounding.
Roger Edwards departs Royal London
ROGER Edwards, managing director of Royal London’s protection business, is leaving Britain’s biggest mutual life and pensions company, after refusing a position in a new management structure.
Aegon profits hit by industry reforms, say firm
Pensions firm Aegon UK has blamed sweeping industry reforms for a 20 per cent drop in first-quarter profits, despite enjoying a surge in sales.
Changes to personal injury rules could boost Esure
INSURANCE group Esure is looking to boost growth in the second half of the year as changes to personal injury legislation allow it to re-enter certain segments of the motor market.
Thiam pledges UK commitment after strong Asia sales
PRUDENTIAL chief executive Tidjane Thiam has insisted the insurer remains committed to the UK after strong sales in Asia helped deliver a forecast-beating set of quarterly results.
Actuaries warn of ‘London whale’ loss repeat
FINANCIAL institutions risk repeating the multi-billion pound losses linked to a former trader known as the “London whale” due to human errors with figures, according to a survey by trade magazine Actuarial Post.
Two more Scottish names at risk of being scrapped
A THIRD Scottish financial services brand in as many days is at risk as life and pensions mutual Royal London considers scrapping the names of both its “Scottish” divisions.
Focus on costs drives up profits at Direct Line
INSURANCE group Direct Line, which was spun off from Royal Bank of Scotland last year, has vowed to continue driving down its costs after reporting a 33 per cent increase in first-quarter operating profits.
Business news: Sainsbury’s | New Look | Aviva
THE long-standing boss of Sainbury’s has been forced to deny he is quitting amid reports the supermarket has lined up headhunters to seek his replacement.
Aviva to scrap direct sales force as part of cost cuts
INSURANCE group Aviva is to scrap its direct sales force, with the loss of about 120 jobs, as part of a cost-cutting exercise.
Hunt quits Standard Life to head up Prudential UK
JACKIE Hunt has resigned as chief financial officer (CFO) at Standard Life to take up a top role at rival insurance provider Prudential.
2 comments
Standard Life tops forecasts with jump in new business
BUOYANT stock market conditions and sweeping regulatory changes in the pension industry have helped Standard Life deliver a forecast-beating rise in sales.
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Weather for Edinburgh
Thursday 23 May 2013
Today
Light showers
Temperature: 5 C to 10 C
Wind Speed: 24 mph
Wind direction: North
Tomorrow
Sunny spells
Temperature: 5 C to 13 C
Wind Speed: 16 mph
Wind direction: North east
