The Times says insurers have bowed to political pressure and introduced a ban on asking for the resu...
The Times says insurers have bowed to political pressure and introduced a ban on asking for the results of genetic tests for two years on policies under £300,000. The ban falls short of the Government's recommendation of three years.
The FT reports that Foreign & Colonial is to change its name to become more pan-European. The new name, F&C Management, changes the company's historical focus of helping UK investors to put money into the far corners of the British Empire, towards a European focus, says the FT. F&C Management will be the asset management brand of Eureko, an alliance of European banks and insurers.
The Daily Telegraph says the BoS/Halifax deal is near completion with an announcement expected as early as tomorrow. Insiders said the talks were very positive. Advisers on both sides want to close the deal as quickly as possible in order to scotch rumours of a counter bid. Any cash offer is likely to be viewed favourably by investors.
The Telegraph also reports that mutal insurers Friends Provident and Scottish Provident are both to reveal details of their demutualisations today. FriendsProv, with 1.7m members, is floating on the stock market and Scottish Provident is being bought by Abbey National for £1.8bn.
The Co-operative Insurance Society yesterday claimed that 60% of FTSE 100 companies are breaching best-practice guidelines on executive pay, according to The Times. The research was carried out by the group's Responsible Shareholding Unit.
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