Royal & Sun Alliance today announced it is going to close its UK life company to new business and cu...
Royal & Sun Alliance today announced it is going to close its UK life company to new business and cut staff members by 1,200 as a result. The company says the move will save money and help it focus on its core insurance business, although it does not say how much money it will save. Some 4 million policyholders and four life funds will be affected by the move, according to a company spokesman. The new policy takes effect on 6 September this year, and follows the December 2001 decision to stop offering new customers with profits products. R&SA has been involved i...
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