Professional Adviser www.professionaladviser.com Aviva set for shake-up of UK business - reports <p><!--summary start--> Aviva is planning to announce major changes to its UK business next week, the Financial Times has reported. <!--summary end--></p> https://www.professionaladviser.com/news/3076363/aviva-set-shake-uk-business-reports https://www.professionaladviser.com/news/3076363/aviva-set-shake-uk-business-reports Tue, 28 May 2019 07:14:16 +0000 Zurich tables £5.6bn bid for rival RSA Group <p><!--summary start--> Insurance giant Zurich has revived its attempt to acquire rival business RSA with a new proposed cash offer of 550p per share, valuing the company at about £5.6bn. <!--summary end--></p> https://www.professionaladviser.com/news/2423306/zurich-tables-gbp56bn-bid-rival-rsa https://www.professionaladviser.com/news/2423306/zurich-tables-gbp56bn-bid-rival-rsa Tue, 25 Aug 2015 12:30:51 +0000 Zurich puts 90 jobs at risk across UK life operation <p><!--summary start--> Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment. <!--summary end--></p> https://www.professionaladviser.com/news/2181283/zurich-cut-90-jobs-uk-life-operation https://www.professionaladviser.com/news/2181283/zurich-cut-90-jobs-uk-life-operation Thu, 31 May 2012 11:17:00 +0000 Things clients say #4 <p><!--summary start--> In return for a retainer of £100 a month, adviser Bhupinder Anand helps manage the financial side of an acrimonious relationship between divorcees. He explains... <!--summary end--></p> https://www.professionaladviser.com/feature/2163000/clients https://www.professionaladviser.com/feature/2163000/clients Thu, 22 Mar 2012 14:50:00 +0000 Five things your clients will call you about this week <p><!--summary start--> It's our round-up of the stories your clients may have read in the national newspapers over the weekend... <!--summary end--></p> https://www.professionaladviser.com/feature/2155204/clients https://www.professionaladviser.com/feature/2155204/clients Mon, 27 Feb 2012 09:15:00 +0000 Aviva swings axe on hundreds of employees <p><!--summary start--> Aviva has said 384 jobs in its Bristol office are at risk due to a simplification of its life business. <!--summary end--></p> https://www.professionaladviser.com/news/2125124/aviva-announces-380-employees-axe https://www.professionaladviser.com/news/2125124/aviva-announces-380-employees-axe Tue, 15 Nov 2011 14:59:00 +0000 This week's news... condensed <p><!--summary start--> Ten of this week's best-read stories... <!--summary end--></p> https://www.professionaladviser.com/news/2122791/weeks-news-condensed https://www.professionaladviser.com/news/2122791/weeks-news-condensed Fri, 4 Nov 2011 14:27:45 +0000 Pensioner who posed as wife to cheat life co imprisoned <p><!--summary start--> A pensioner who faked his own death and posed as his wife to fraudulently claim on his life insurance has been jailed for six years. <!--summary end--></p> https://www.professionaladviser.com/news/2113572/pensioner-posed-wife-cheat-life-imprisoned https://www.professionaladviser.com/news/2113572/pensioner-posed-wife-cheat-life-imprisoned Fri, 30 Sep 2011 14:50:00 +0000 Fitch warns life cos: Don't rely on IFAs <p><!--summary start--> Ratings agency Fitch has warned that life companies which rely on independent financial advisers (IFA) to distribute their products could be negatively affected by the retail distribution review (RDR), and predicted a bright future for bancassurance. <!--summary end--></p> https://www.professionaladviser.com/news/2111988/fitch-warns-life-cos-dont-rely-ifas https://www.professionaladviser.com/news/2111988/fitch-warns-life-cos-dont-rely-ifas Mon, 26 Sep 2011 12:36:06 +0000 L&G chief executive Breedon to retire <p><!--summary start--> Tim Breedon, CEO of Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer. <!--summary end--></p> https://www.professionaladviser.com/news/2111135/-chief-executive-breedon-retire https://www.professionaladviser.com/news/2111135/-chief-executive-breedon-retire Thu, 22 Sep 2011 07:40:00 +0000 The ten most common underwriting queries (and answers) <p><!--summary start--> Not only will the needs of each and every client who needs a protection policy differ, but advisers also have to factor in the different underwriting processes of providers... <!--summary end--></p> https://www.professionaladviser.com/feature/2108128/common-underwriting-queries-answers https://www.professionaladviser.com/feature/2108128/common-underwriting-queries-answers Fri, 9 Sep 2011 12:00:00 +0000 Call for overhaul of mortality projection models <p><!--summary start--> Mortality projection models are in need of a radical overhaul to ease insurers' funding problems and give them confidence when pricing future retirement income solutions, an influential new report argues. <!--summary end--></p> https://www.professionaladviser.com/news/2106330/overhaul-mortality-projection-models https://www.professionaladviser.com/news/2106330/overhaul-mortality-projection-models Fri, 2 Sep 2011 14:00:00 +0000 Friends Life creates 'heritage' unit for closed business <p><!--summary start--> (Updated) Friends Life is to separate its open and closed books of business as part of parent company Resolution's UK Life project. <!--summary end--></p> https://www.professionaladviser.com/news/2102078/friends-life-split-closed-business https://www.professionaladviser.com/news/2102078/friends-life-split-closed-business Tue, 16 Aug 2011 11:15:00 +0000 Aegon offloads UK life and pensions outfit Guardian <p><!--summary start--> Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m. <!--summary end--></p> https://www.professionaladviser.com/news/2102008/aegon-offloads-uk-life-pensions-outfit-guardian https://www.professionaladviser.com/news/2102008/aegon-offloads-uk-life-pensions-outfit-guardian Tue, 16 Aug 2011 08:15:00 +0000 Royal London new business up 11% but protection sales fall <p><!--summary start--> Royal London group received a boost from Scottish Life and 360° during the first half of 2011 but its protection arm suffered a 17% sales slump. <!--summary end--></p> https://www.professionaladviser.com/news/2101638/royal-london-business-protection-sales-fall https://www.professionaladviser.com/news/2101638/royal-london-business-protection-sales-fall Mon, 15 Aug 2011 08:45:00 +0000 Ex-AIA chief eyes Aviva divisions <p><!--summary start--> Mark Wilson, former chief executive of Asian life assurer AIA, is trying to raise private equity backing to bid for the non-core emerging markets businesses of Aviva, according to reports. <!--summary end--></p> https://www.professionaladviser.com/news/2098201/-aia-chief-eyes-aviva-divisions https://www.professionaladviser.com/news/2098201/-aia-chief-eyes-aviva-divisions Mon, 1 Aug 2011 09:27:57 +0000 Resolution to return £500m 'excess cash' to shareholders <p><!--summary start--> Buyout vehicle Resolution expects to have £500m of excess cash to return to shareholders over the next 12 months after completing its work examining the cash and capital position of Friends Life, its new proposition formed from the merger of Friends Provident and Axa's UK life and pensions business. <!--summary end--></p> https://www.professionaladviser.com/news/2076549/resolution-return-gbp500m-excess-cash-shareholders https://www.professionaladviser.com/news/2076549/resolution-return-gbp500m-excess-cash-shareholders Tue, 7 Jun 2011 07:25:00 +0000 Aviva's UK Life CEO Strauss leaves for Lloyds <p><!--summary start--> David Barral has been appointed chief executive of Aviva's UK Life business, replacing Toby Strauss as he leaves to join Lloyds Bank. <!--summary end--></p> https://www.professionaladviser.com/news/2073001/avivas-uk-life-ceo-strauss-leaves-lloyds https://www.professionaladviser.com/news/2073001/avivas-uk-life-ceo-strauss-leaves-lloyds Mon, 23 May 2011 13:18:16 +0000 Co-op seeks buyer for £18bn life insurance business <p><!--summary start--> The Co-op may sell its £18bn life insurance business in a re-organisation instigated by new CEO Neville Richardson. <!--summary end--></p> https://www.professionaladviser.com/news/1810154/-op-seeks-buyer-gbp18bn-life-insurance-business https://www.professionaladviser.com/news/1810154/-op-seeks-buyer-gbp18bn-life-insurance-business Mon, 25 Oct 2010 07:20:00 +0000 LLMA proposes longevity index <p><!--summary start--> The Life & Longevity Markets Association ("LLMA") is proposing a standardised framework for longevity indices. <!--summary end--></p> https://www.professionaladviser.com/news/1729240/llma-proposes-longevity-index https://www.professionaladviser.com/news/1729240/llma-proposes-longevity-index Mon, 23 Aug 2010 14:31:29 +0000 Pru UK chief to lead Asia integration <p><!--summary start--> Prudential's chief executive of UK and Europe Rob Devey has been appointed to lead the group's planned integration of its Asian business with the AIA Group. <!--summary end--></p> https://www.professionaladviser.com/news/1600975/pru-uk-chief-lead-asia-integration https://www.professionaladviser.com/news/1600975/pru-uk-chief-lead-asia-integration Wed, 14 Apr 2010 08:52:40 +0000 Profits down at Groupama Insurances <p><!--summary start--> Groupama Insurances' combined profitability for the UK operations (before tax and amortisation) reduced to £14.1 million (2008: £30.1 million). <!--summary end--></p> https://www.professionaladviser.com/news/1592570/profits-groupama-insurances https://www.professionaladviser.com/news/1592570/profits-groupama-insurances Thu, 18 Feb 2010 11:53:00 +0000 Hartford Life admits to annuities tax coding errors <p><!--summary start--> An IFA firm has issued a formal complaint to US life insurance giant The Hartford over the incorrect tax treatment of clients who have annuities with its UK subsidiary Hartford Life. <!--summary end--></p> https://www.professionaladviser.com/news/1590354/hartford-life-admits-annuities-tax-coding-errors https://www.professionaladviser.com/news/1590354/hartford-life-admits-annuities-tax-coding-errors Thu, 4 Feb 2010 08:55:00 +0000 Aegon UK unveils Duncan Jarrett as sales director <p><!--summary start--> Aegon UK today named Duncan Jarrett as sales director, replacing retiree David Rogers. <!--summary end--></p> https://www.professionaladviser.com/news/1587787/aegon-uk-unveils-duncan-jarrett-sales-director https://www.professionaladviser.com/news/1587787/aegon-uk-unveils-duncan-jarrett-sales-director Wed, 20 Jan 2010 10:15:00 +0000 Recovery on cards: Swiss Re <p><!--summary start--> Swiss Re says the insurance and reinsurance sectors will continue their "U-shaped" recoveries in 2010, alongside the major global economies. <!--summary end--></p> https://www.professionaladviser.com/news/1566833/recovery-cards-swiss-insurers-restore-capital https://www.professionaladviser.com/news/1566833/recovery-cards-swiss-insurers-restore-capital Mon, 21 Dec 2009 14:19:00 +0000 Bright Grey releases death in service plan for SMEs <p><!--summary start--> Bright Grey has released a stand alone Relevant Life Policy aimed at small to medium sized enterprises (SMEs). <!--summary end--></p> https://www.professionaladviser.com/news/1557122/bright-grey-launches-death-service-plan-smes https://www.professionaladviser.com/news/1557122/bright-grey-launches-death-service-plan-smes Thu, 1 Oct 2009 17:08:00 +0000 ASDA joins with LV= to increase life cover among over-50s <p><!--summary start--> ASDA has announced plans to triple the number of customers covered by its over 50s life insurance plan. <!--summary end--></p> https://www.professionaladviser.com/news/1531956/asda-joins-lv-increase-life-cover-50s https://www.professionaladviser.com/news/1531956/asda-joins-lv-increase-life-cover-50s Tue, 1 Sep 2009 12:34:00 +0000 AXA healthcare and protection arms perform strongly <p><!--summary start--> Both the protection and healthcare arms of AXA contributed to the company's UK and Ireland earnings rising 2% for the first half of the year. <!--summary end--></p> https://www.professionaladviser.com/news/1496309/axa-healthcare-protection-arms-perform-strongly https://www.professionaladviser.com/news/1496309/axa-healthcare-protection-arms-perform-strongly Wed, 5 Aug 2009 16:05:00 +0000