UK life and pensions provider Legal & General is to distribute term life assurance through the J Sainsbury supermarket chain. It follows a similar distribution deal between rivals Norwich Union and Tesco. The products will be sold not only in
The giant UK insurer, life assure and pensions provider Prudential is in talks with US credit card provider to sell the 79 per cent stake it has in the Egg online banking and fund supermarket business it created at the
BISYS has formed a strategic alliance with AccessData. It will allow BISYS to give its fund management clients access to a web based sales reporting application called SalesView Partner Edition. The SalesView Partner Edition was jointly packaged by BISYS and
SEB AG, a part of the SEB Group, has created a retail investment certificate that tracks the FTSE Xinhua China 25 Index. The SEB ChinaBenefitCertificate aims to give investors across Europe access to liquid companies in the Chinese market, which
BISYS has acquired St. Louis based Uhlemeyer Services, Inc., a leading managing general agency (MGA) serving the commercial property and casualty (P&C) insurance marketplace, and distributing and servicing workers' compensation insurance programs. This acquisition complements BISYS's March 2003 acquisition of
David Brennan, chairman and CEO of Baring Asset Management, says he expects his firm to capitalise on the mutual fund market timing scandal in the United States. He told the Financial Times yesterday that "I think there is a significant
DALBAR has released the results of its 2003 study of methods to improve retirement income security through increased saving rates. The study, whose findings are based on the 45 year history of inflation rates, interest rates and investment returns of
Dutch insurer Aegon has bought a corporate benefits and private client wealth management IFA in the UK called Aurora Financial Group Limited, for an undisclosed sum. Aegon acquired a 9 per cent stake in Aurora last year, with an option
The Federal Reserve has advised banks not bail out mutual funds they also advise. "The agencies have concluded that recent market developments, including market volatility, the continued low interest rate environment, and operational and corporate governance weaknesses, warrant the issuance