Regulator levies record £28m fine for scheme that encouraged aggressive sales
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Saturday 11 December 2004
Hugh Osmond's £1bn foray into the life insurance sector, formally announced yesterday, is not only a radical departure for the pub and pizza entrepreneur but heralds the start of a new era of consolidation in the sector that has been predicted by pundits for the past few years.
Friday 10 December 2004
Sunday 10 October 2004
Saturday 10 July 2004
Paul Myners, the chairman of Guardian Media Group, set the wheels of his Treasury-commissioned review of the mutual life insurance sector in motion yesterday, calling for tougher rules on corporate governance to eliminate the possibility of another crisis such as Equitable Life.
Sunday 13 June 2004
Abbey National will next month signal it is emerging from the restructuring that has seen it withdraw from its wholesale business and cut back its life assurance operations. The troubled bank will also reveal that the whole process has cost it around £2.5bn.
Wednesday 31 March 2004
Insurance giant Standard Life is to axe 1,000 jobs under plans to cut costs, the company announced today.
Sunday 22 February 2004
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