Stock market unconvinced by Lloyds TSB deal
Article Abstract:
Lloyds TSB is acquiring Scottish Widows and the new group will rank second among United Kingdom savings and life companies. Lloyds TSB's stock price initially rose, and then dropped. Policyholders with Scottish Widows will receive windfall payments of 500 pounds sterling and more. Lloyds previously acquired Cheltenham and Gloucester and gained from the acquisition, but similar benefits are thought to be unlikely from the Scottish Widows acquisition. The life market has been affeced by drops in margins, and potential cost savings amount to only some 60 million pounds sterling,
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Sort out your life insurance worries with a super-cheap term deal
Article Abstract:
British life insurance rates are dropping due to presence of new firms in the insurance market. The new entrants may offer competitive prices. Sales of policies have increased in volume terms with a smaller proportional increase in value terms from 1994 to 1997. Term assurance is the cheapest type of life insurance, while life insurance contracts are less likely to be tied to savings vehicles.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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