Regulator levies record £28m fine for scheme that encouraged aggressive sales
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Friday 26 August 2011
Slice them where you will, any collection of psychoanalysts is as mad as a parliament. Novelty beards, whirling eyes, twitches, deranged clothing, tics, jitters and habits you wouldn't want to go into. But Wilhelm Reich (1897-1957) was the maddest of the lot. His mainspring theory was that all human ills stemmed from not enough orgasms, and, in particular, not enough proper orgasms, which he plotted on graphs from foreplay to the molten afterglow of WH Auden's "Lullaby" (1940): "Soul and body have no bounds:/ To lovers as they lie upon/ Her tolerant enchanted slope/ In their ordinary swoon."
Friday 08 July 2011
The insurer Legal & General surged up the blue-chip index last night on claims that it will be the "clearest winner" from regulatory changes to the insurance industry, as vague bid mutterings around the company also made a return.
Tuesday 31 May 2011
Tuesday 24 May 2011
Life insurance payments will be made within four weeks rather than taking up to four months, under new guidelines published yesterday by the insurance industry.
Tuesday 17 May 2011
Taxpayer-backed Lloyds Banking Group is expected to face tough questions at its annual meeting tomorrow over a multimillion-pound pay deal for its new chief executive.
Sunday 20 March 2011
Sunday 06 March 2011
Saturday 05 March 2011
Friday 04 March 2011
Aviva is considering asset sales this year to home in on its most important markets after life insurance sales boosted a strong rise in annual profits.
Sunday 27 February 2011
British consumers face hikes in the cost of car and life insurance as well as a reduced income in retirement if the European Court of Justice outlaws gender-based pricing of premiums on Tuesday.
Thursday 24 February 2011
Resolution, the life assurance investment vehicle controlled by Clive Cowdery, has halted its acquisition programme after revealing it is "confident" of meeting its targets on returns without the need to go shopping again.
Friday 14 January 2011
Outlook No-one sensible disagrees with the abolition of the default retirement age, which the Government confirmed yesterday would take place on 6 April. No employer should be able to get rid of someone simply because of their age, and forced retirement is a much cheaper option than redundancy.
Monday 25 October 2010
The Co-Operative Group may sell its life-insurance arm as it reorganises its financial-services division following last year's merger with Britannia, reports have suggested.
Saturday 16 October 2010
Resolution, the Guernsey-based company that wants to create a British "super-insurer", added another string to its bow yesterday with the purchase of Bupa's income protection, life assurance and critical illness cover business for £165m.
Saturday 09 October 2010
What's JR Ewing doing in the business section?
Come, come. JR was just about the greatest independent oil man in Texas (at least when Dallas was a top-rated soap). But it's not the character we're interested in. It's the actor who played him: Larry Hagman has just won a cool $11.5m (£7.2m) from Citigroup.
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