Long-standing policyholders do not deserve much compensation

Article Abstract:

UK life insurance companies are facing difficult questions about how to compensate their owners, with-profits policyholders, as they abandon mutual status, either to float on the stock market or allow themselves to be purchased by another company. It has been widely assumed that the policyholders who have been with the company the longest would receive the highest compensation. However, Jim Stretton, chief executive of Standard Life, has caused controversy by stating his belief that policyholders who have been with a company only a short time, and have therefore only built up a small fund, should receive the highest compensation.

Investor relations

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I've got just the policy for you, guv. It's a good little runner

Article Abstract:

It is possible for life insurance companies to achieve high sales on the basis of extensive advertising and a positive reputation, regardless of the actual performance of their products. Prudential, for example, is seeing sales rise constantly, even though it has been rated poorly on the basis of a new rating system devised by John Chapman, a former senior official at the Office of Fair Trading. This situation contrasts strongly with that of most other industries, where companies offering poorly performing products would not be profitable.

Standards

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Big risks and a dubious deal for taxpayers in the nuclear sell-off

Article Abstract:

The UK's nuclear generating and construction industry has suffered severe difficulties over a large part of the last 30 years. Dungeness B power station, for example, suffered ill-fitting components and contractor collapse, while the other six nuclear power stations built at around the same time have also had problems. This poor record is being glossed over in the information which has been published in an effort to attract investors to the 2.6 billion pounds sterling privatisation of British Energy in summer 1996.

Management, Planning, Nuclear industry, Privatization, Privatization (Business), British Energy PLC

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