UK: Life insurers may fail to reach accreditation
Article Abstract:
Some top life insurers, including Zurich, are finding it difficult to reach the Pensions Protection and Investments Accreditation Board's Raising Standards quality mark, says disability insurer Unum. Zurich claims it is on target for accreditation, but the company must pay for each of its brands submitted. Some 33% of insurers will attain the quality mark by end-February 2002, says the PPIAB. The scheme is undermining the work of the IFA, claims an IFA official, and Virgin and L&G have refused to participate as they claim the standards are insufficient.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: RSA predicts fast economic recovery
Article Abstract:
Royal & SunAlliance (RSA) predicts that economic recovery will be swift even though equity markets are at their lowest since 1999. The company is cutting its cash level from some 9% to 3% in order to take advantage of the forecast upturn.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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