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Pension transfer times have failed to improve, despite growing use of the ABI’s Options initiative.
Pension transfer times continued to increase in the third quarter of 2009, according to figures from Origo.
Aviva and Prudential are the most likely to gain from consolidation in the UK life assurance industry, according to Deutsche Bank.
Other Pearl articles
The Pearl Group, owner of Ignis and a number of insurance brands, has announced plans to raise £500m from investors before floating on the London Stock Exchange.
Banks are discussing a possible restructure of Pearl Group's debts following pressure from the FSA, reports suggest.
Resolution founder Clive Cowdery is reportedly interested in a bid for HBOS' insurance arm Clerical Medical.
Pearl Group has today unveiled plans to “radically” restructure NPI’s with-profits fund, NPLL, subject to FSA and High Court approval.
Resolution has appointed former FSA chief executive John Tiner as CEO as it plans to launch a quoted company focused on M&A in the financial services sector.
Up to 500 jobs at Pearl could be terminated as the Hugh Osmond-led group continues to integrate its Phoenix and Pearl life divisions.
Royal London now controls over 10% of the UK’s individual life market after completing the takeover of Phoenix Life Assurance and the Scottish Provident and Scottish Mutual protection businesses.
Royal London will merge its newly-acquired Scottish Provident International Life Assurance (SPILA) business with Scottish Life International (SLI).
Royal London has completed the integration of Scottish Provident International Life Assurance (SPILA) to the group, the first finalised asset transfer following the Pearl-led takeover of Resolution.
Hugh Osmond, the serial entrepreneur, is considering relocating Pearl Assurance, his financial services group, outside the UK for tax purposes, in the latest sign that frustrated businesses have lost faith in the Labour Government, The Times reports.
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