Poor deals on the home loans front

Article Abstract:

Investors often receive a poor deal if they choose to surrender a mortgage backed by an endowment or unit-linked policy early, according to John Chapman, former senior official at the Office of Fair Trading. Furthermore, some companies which have strong brands are actually producing the poorest performance. Research indicates that at the end of the third year, only two companies of the 32 surveyed will pay back the entire investment. Even after 10 years, only 20 will repay the full investment.

Mortgages

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Royal and Sun seal 6bn pounds sterling merger

Article Abstract:

The future of Guardian Royal Exchange has come into question following the announcement of plans by Royal Insurance and Sun Alliance for a 6 billion pounds sterling merger. The deal leaves Guardian as the smallest composite insurance concern, and it may now become a target for European insurance concerns. The new operation will be the largest general insurance concern in the UK, as well as the ninth-largest composite insurer in the world.

Management, Mergers, acquisitions and divestments, Sun Alliance and London Insurance PLC, Guardian Royal Exchange Assurance PLC, Royal Insurance Company PLC

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Mutuals score best against the rest

Article Abstract:

The UK's mutual life insurance companies are generally performing more strongly than their proprietary counterparts, according to an analysis undertaken by John Chapman, a former senior official at the Office of Fair Trading. Mutual companies do not have to give up 10% of their earnings in transfers to shareholders, and this places them in a strong position. Mutuals account for three of the top four life insurers.

Life insurance industry

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