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...Bulk annuity providers Pension Insurance Corporation (PIC), Rothesay and Just Group use Capita’s systems to manage things such as pension payments and customer communications, while FTSE 100 insurers Phoenix...
...Finding enough of these could get harder, especially as competition and scrutiny mount. Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
....— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would eventually become RSA Insurance, which was then acquired — so they both show up as acquired here.— Several FTSE...
...Capital managers are buying up credit groups as the business of lending shifts away from banks, and as long-dated insurance premiums become the funding of choice....
...In a statement on Thursday, Close Brothers said there was “significant uncertainty about the outcome of the FCA’s review, and the timing, scope and quantum of any potential financial impact on the group...
...Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that paves the way for a potential sale of the UK’s largest pharmacy chain by owner Walgreens Boots Alliance...
...Also, February industrial production figures Results: Berkeley Group trading update, HelloFresh FY, Mercedes-Benz FY, Volution Group HY, Zurich Insurance Group FY World events Finally, here is a rundown...
...High inflation has provided a boost to the UK’s retirement sector, as rising pay awards increase the amount that people are putting into their pension, according to FTSE 100 life insurance group Phoenix....
...In London, we have the FT’s Martin Wolf and Karin von Hippel, who’s director-general of the Royal United Services Institute....
...Meet the two Royal College of Art graduates who went about recreating a mini sun on the ceiling, though it will set you back £8,000. Additional contributions from Tee Zhuo and Emily Goldberg...
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...The group has admitted phone hacking took place at News of the World but not at the Sun....
...at Mirror Group at the time and was “successfully covered up by the Plc”....
...Direct Line was founded in 1985 with £20mn funding from the Royal Bank of Scotland and a mission to cut out insurance brokers and sell insurance directly by telephone. It floated in 2012....
...Brendan Cox, co-founder of the Together Coalition, an alliance of community groups which helped to organise the Big Help Out, said the day was designed to draw attention to the rewards of volunteering for...
...Big life insurers such as Aviva, Phoenix, Pension Insurance Corporation and Just Group also use Capita to administrate services such as pension payments and communications with savers....
...Unio bought Cotter’s client’s business and two other wealth management groups and has €15bn in assets under management, of which two-thirds is pension business and the rest wealth....
...However, the group has finally settled a long-running legal dispute with Allianz Insurance....
...Capita works with clients across the public and private sectors. It manages training courses for the Royal Navy, as well as the procurement and decommissioning of equipment....
...insurance coverage....
...In November, it agreed to sell the division to Royal Bank of Canada for $10bn....
...UK life insurer Phoenix Group expects its core operating metric of cash generation to be at the top of full-year guidance thanks to a flurry of corporate pension deals and has highlighted a “very strong...
...Five major insurers quit the Net-Zero Insurance Alliance as political pressure in the US and fears over legal repercussions plunge climate initiative into crisis....
...The announcement of the closures comes a day after the bank agreed to sell its Canadian business to Royal Bank of Canada for $10bn....
...So Sun Tit Fan is a key part of this story....
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