BNP Paribas has combined all of its insurance businesses into a holding company called BNP Paribas Assurance. The various brands Cardif, Natio Vie and Natio Assurance will continue to be used throughout the financial services group. The aim of the
RBC Global Services has launched a new Canadian corporate actions service. From 2 February, a weekly Corporate Actions Summary Report will be available to clients via fax or e mail, listing actions affecting assets held. It will include the security
The Norwegian regulator has changed its name from Kredittilsynet to The Financial Supervisory Authority of Norway. Kredittilsynet will remain the official name, in English as well as Norwegian.
Aviva, the UK insurance, life assurance and pensions provider creating by the merger of Commercial Union and Norwich Union, says 2003 saw worldwide life and pensions sales virtually unchanged at ?2,377 million, against ?2,373 million in 2002. Total worldwide sales,
The Pension Benefit Guaranty Agency (PBGC), the US federal government agency that rescues troubled corporate pension funds, ended 2003 with a deficit of $11.2 billion three times its size at the end of 2002. The PBGC, which insures the pensions
Funds under management in China will increase ten fold over the next six years to a total of $1,600 billion in 2010. Or so predicts a study by Hong Kong based research house, Matrix Services. The Chinese capital markets, and
Aon Consulting has been chosen by the Trustees of Kellogg's (Great Britain) Pension Fund to manage the administration of their UK pension scheme. Aon Consulting will take over officially from incumbents Watson Wyatt on 1 April 2004. "This appointment is
Russell Mellon CAPS says that Kieger AG an investment consultancy firm based in Lugano, Switzerland has signed up to use its AMI fund manager database as part of its research process. Kieger has recently expanded its operations into the Italian
Euroclear Bank has teamed up with Banksys, SWIFT and The Bank of New York in a training initiative called TransConstellation. It aims, says Euroclear, to "strengthen Belgium as a centre of excellence in financial transaction processing." All four organisation are,
Axa is cutting 700 jobs from its UK operations, and moving some to India to reduce costs. Axa will cut 220 jobs at call centres in Morecambe and Darlington in northern England from its Axa Direct general insurance business, and