Abbey

With-profits policyholders of the Abbey group will not receive any annual bonuses this year but the market value reduction has been cut in all cases, following improved performance of the funds over the last 12 months.

The Scottish Executive has unveiled a joint initiative between the government and industry to assess how to boost Scotland's position as a key financial services centre.

Ambrose McGinn is leaving his job as director of Abbey for Intermediaries after 16 years with the group.

Banco Santander has strengthened its grip on Abbey as the UK banking group has announced plans to rebrand using BS's flaming logo.

BUSINESS TYCOON Hugh Osmond may now be the main contender for purchase of HHG's closed life assurance funds after he reportedly threatened to impose a "break fee" on the firm should they reopen talks with Resolution Life, say both the Timesand the Daily...

Scottish Widows has been labelled the top ‘dog' for the fourth time in a row in Bestinvest's latest ‘Spot the Dog' poll, but the number of funds failing to beat their benchmarks is now at least falling, according to the study.

2004 was both interesting and challenging for the multi-manager sector because in economic terms, it was a year which has not quite lived up to expectations.

ABBEY is still struggling to clear its backlog of Isa savers who wish to transfer their cash Isas to the bank before Christmas and may not clear the 25,000 customers, says the Times .

Wrap propositions have yet to be configured to cope with proposals for A-day reforms, suggests a new report, as some systems still do not offer fully integrated pensions support.

Nearly half of UK homeowners now have a mortgage they will still be paying after they retire, a figure that has almost doubled since 1992, Abbey research suggests.