Regulator levies record £28m fine for scheme that encouraged aggressive sales
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Wednesday 06 October 2010
Life insurance is relatively cheap for most people but can make a huge impact on the lives of loved ones we leave behind. And, unlike almost all other types of insurance, premiums on life cover are falling as life expectancy increases at a rapid rate. For instance, a 35-year-old male non-smoker can get £100,000 worth of cover on a 20 year level term policy starting at around £10 per month. Yet many people – married and single – choose to go without this most basic of insurance policies.
Saturday 25 September 2010
Her last meal was fried chicken and green peas, washed down with a can of Dr Pepper.
Sunday 29 August 2010
Thursday 19 August 2010
It has been a lively old time for Britain's insurance industry in the last few months. Prudential was forced to scrap its blockbuster deal to buy the AIA Asian business in June. Clive Cowdery's Resolution buyout vehicle then followed last year's acquisition of Friends Provident with a £2.75bn deal for Axa's UK life business.
Thursday 05 August 2010
Saturday 24 July 2010
US outlook The presidential ink wasn't even dry. Less than 24 hours after Barack Obama signed into US law the financial reforms that will prevent a repeat of the credit crunch, one of his government agencies laid the foundation for what could be the next great financial crisis.
Sunday 11 July 2010
Wednesday 23 June 2010
Sunday 20 June 2010
Jim Schiro, the former chief executive of Zurich Financial Services, has emerged as a candidate to replace the Prudential chairman, Harvey McGrath, if the former Man Group boss bows to investor pressure and quits.
Saturday 19 June 2010
Sunday 13 June 2010
A former life insurance salesman has "sold life" to scores of people trying to end it all at Australia's most notorious suicide spot.
Saturday 12 June 2010
Clive Cowdery, the insurance executive behind Resolution, is close to clinching a deal to buy the UK life insurance operation of France's Axa, for between £2.5bn and £3bn. The buy-out could be announced as early as next week, after talks that have gone on for more than a month moved towards a successful conclusion over the past day or so.
Tuesday 08 June 2010
Wednesday 26 May 2010
A jury retired today for its second day of deliberations in the case of a solicitor accused of organising the contract killing of his business partner to get a life assurance payout.
Sunday 16 May 2010
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