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ING to sell ING Life Korea 27 Aug 2013 | 03:45 pm
Dutch firm ING has announced that it has reached an agreement to sell its wholly owned life insurance business in South Korea, ING Life Korea, to MBK Partners. The agreement involves a total purchase ...
BayernLB reports H1 2013 results 27 Aug 2013 | 03:35 pm
The BayernLB Group has reported its financial results for the first six months of 2013, including pre-tax profits of €719m. The period included a significant positive one-off item, namely the €351m ga...
Insurers publish example annuity rates 22 Aug 2013 | 11:17 am
The Association of British Insurers (ABI) has published a specimen of the annuity rates offered by its members in a move aimed at helping retirees get the best deal by shopping around for an annuity. ...
State pension reforms will leave many worse off 21 Aug 2013 | 07:57 pm
The vast majority of people currently entitled to the state second pension will get less when they retire as a result of the scheme being replaced by the new single tier pension, the Trades Union Cong...
SocGen launches investment offering for UK IFAs 20 Aug 2013 | 08:57 pm
Société Générale has, for the first time, launched a series of investment products available exclusively to Independent Financial Advisers in the UK. With Walker Crips Structured Investments acting as...
Five major UK banks in profit for first time since 2010 19 Aug 2013 | 09:08 pm
All five major UK banks (Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered) recorded a profit in the first half of the year, for the first time since 2010, according to a new report fro...
DB closure main response to end of contracting-out 19 Aug 2013 | 08:24 pm
Aon Hewitt is giving early warning that while the option to contract-out of the state pension doesn’t come to an end until April 2016, the consequences for the pensions landscape over the next three y...
ANZ appoints International CEO 19 Aug 2013 | 04:33 pm
Australia and New Zealand Banking Group Limited (ANZ) has announced the appointment of Andrew Géczy as chief executive officer of International and Institutional Banking. In his new role Géczy will be...
KfW reports declining profits in H1 2013 19 Aug 2013 | 04:20 pm
KfW Bankengruppe has reported its financial results for the first half of 2013, including consolidated profit of €498m. This is approximately half the €992m that the firm made in the corresponding per...
Retirees advised to shop around for annuities 19 Aug 2013 | 04:03 pm
As many as eight out of 10 annuities are ‘single life’, the Pensions Advisory Service has reported, meaning that when the recipient dies their spouse will receive nothing. A ‘joint life’ annuity, howe...
