The recent stock market rally has masked a fundamental change going on behind the scenes of UK Financial Services plc.
Whether we are at the start of a bull market or in the midst of a bear market rally a large number of the large institutions we've come to love/loath* (delete as appropriate) are fundamentally re-appraising their position in the market. What is perhaps most interesting, demonstrated by recent differing stances on the group personal pensions (GPP) market, is the complete lack of emerging consensus. While Aviva threw at least verbal support behind GPPs, others questionned their place in the market. So, who is right? Ultimately this all comes down to the effective (or otherwise) deployme...
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