Life insurance stocks to perform over long term

Financials fund managers are starting to nibble away at troubled life insurance stocks, tempted by potentially great long-term value. Standard Life's decision to cut payouts to 2.3 million pension savers by 15% is one of several recent negatives that have had the bears out in the life insurance sector, particularly in the UK. However, David Jane, fund manager for the M&G Global Financials fund, says people seem to have forgotten that 'ultimately life insurance is a growth industry'. He says: 'Unless you take the view that governments will provide for people's retirement, and I just do...