Insurance Sector News

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  • Director/PDMR Shareholding Business Wire - 4 hours ago

    LONDON--(BUSINESSWIRE)-- St. James’s Place plc (“SJP”) SJP was notified on 27 July 2016 of the following changes in SJP shares held by the Executive Director named below. SJP Performance Share Plan 2005 ...

  • MOVES-IMF's Vinals to chair Standard Chartered Reuters - UK Focus - Wed, Jul 27, 2016 16:18 BST

    Jose Vinals, financial counsellor and director of the monetary and capital markets department at the IMF, will succeed Sir John Peace on December 1. Vinals will join the board as chairman designate on October 3. Standard Chartered is the latest in a series of UK-headquartered financial institutions to appoint a senior …

  • Standard Life Falls Foul Of New Pay Rule Sky News - Wed, Jul 27, 2016 16:06 BST
    Standard Life Falls Foul Of New Pay Rule

    Sky News can reveal that Standard Life (LSE: SL.L - news) is one of several FTSE-100 companies which do not adhere to a new recommendation that remuneration committees should only be headed by directors who have already sat on them for at least a year. Melanie Gee, a former investment banker who joined Standard Life's …

  • L&G reduces pricing discount on UK property fund redemption requests Reuters - UK Focus - Wed, Jul 27, 2016 15:58 BST

    Legal & General's fund arm Legal & General Investment Management said on Wednesday it had reduced the discount applied to investors wishing to withdraw cash from its 2.3 billion pound UK property fund, ...

  • Half-year Report Business Wire - Wed, Jul 27, 2016 15:20 BST

    LONDON--(BUSINESSWIRE)-- St. James’s Place plc (“SJP”) Half-Year Report 2016 at National Storage Mechanism A copy of SJP’s Half-Year Report for the six months ended 30 June 2016 has been submitted to the ...

  • St James's Place resumes normal pricing on its UK property fund Reuters - UK Focus - Wed, Jul 27, 2016 14:03 BST

    British wealth manager St James's Place said on Wednesday it had resumed normal pricing on its 2.6 billion pounds ($3.41 billion) SJP Property Fund as concerns around the outlook for the UK commercial property market start to ebb. The fund had moved to bid-pricing in the days after Britain's vote to leave the European …

  • Has Brexit provided a boost for Banco Santander SA (LON:BNC), Lancashire Holdings Limited (LON:LRE) and Burford Capital Limited (LON:BUR)?

  • Are these shares worth buying after today’s results? - Wed, Jul 27, 2016 11:13 BST

    These shares are up after today's news but should you be buying?

  • Britons put more money with wealth managers amid Brexit uncertainty Reuters - UK Focus - Wed, Jul 27, 2016 09:56 BST

    Britons are saving and investing more money with wealth managers as they prepare for an uncertain future following the country's vote to leave the European Union. St James's Place, Rathbone Brothers, Brewin Dolphin and Jupiter Fund Management, which all rely largely on British customers, said on Wednesday they had seen …

  • St James's Place sees no Brexit impact after forecast-beating first half Reuters - UK Focus - Wed, Jul 27, 2016 08:30 BST

    "Whilst the UK's decision to leave the EU has created a period of economic uncertainty ... the challenges and responsibilities that many people face when considering how to manage their wealth, and the ever-changing tax considerations, remain," Chief Executive David Bellamy said in a statement. Bellamy said the group had …

  • St James's Place posts record H1 inflows; sees no Brexit impact Reuters - UK Focus - Wed, Jul 27, 2016 08:02 BST

    St James's Place on Wednesday posted a forecast-beating rise in first-half funds under management after record net inflows and said it had seen no negative impact on its business from Britain's vote to leave the European Union. The wealth manager has benefited from strong demand for its face-to-face advice from savers …

  • L&G To Take Stake In Smart Pension Provider Sky News - Tue, Jul 26, 2016 21:05 BST
    L&G To Take Stake In Smart Pension Provider

    Sky News understands that L&G is in advanced discussions with Smart Pension, a platform aimed at helping thousands of smaller companies comply with new British laws requiring them to offer workplace pensions to employees. Co-founded in 2014 by a former head of Lloyds Banking Group (Other OTC: LLOBF - news) 's wealth unit …

  • Brexit has hit Capital & Counties Properties plc (LON: CAPC) and Jardine Lloyd Thompson Group plc (LON: JLT) in very different ways, says Harvey Jones.

  • How lenders are forcing older borrowers into paying higher rates

  • Bosses In Pay Ratio Push As May Plots Reform Sky News - Mon, Jul 25, 2016 14:03 BST
    Bosses In Pay Ratio Push As May Plots Reform

    Britain's leading companies will be urged this week to start publishing the ratio between their chief executives' pay and that of their workforces amid plans by Theresa May to clamp down on corporate excess. Sky News has learnt that the move will be among a series of recommendations for boardroom pay reform made by a working …

  • Roland Head looks at the latest trading updates from Aberdeen Asset Management plc (LON:ADN), Hiscox Ltd (LON:HSX) and Petra Diamonds Limited (LON:PDL).

  • Should you buy these 3 big FTSE 100 fallers now? - Mon, Jul 25, 2016 07:15 BST

    Which are the best bargains among the FTSE 100's big Brexit fallers?

  • I earn more than the total value of my allowances - will I be tax-free?

  • Pension firms 'use delay tactics' to stop savers moving money'

  • Should income hunters ditch dividends and buy companies' bonds instead?

  • UPDATE 1-After Brexit vote, insurer Beazley seeks EU licences in Dublin Reuters - UK Focus - Fri, Jul 22, 2016 17:51 BST

    Lloyd's of London's Beazley Plc (Other OTC: BEAZF - news) is working to get European insurance licences for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd's loses access to the bloc. "We're looking at getting the licences for our EU reinsurance company in Dublin and …

  • UK watchdog finds potential mis-selling among insurance agents Reuters - UK Focus - Fri, Jul 22, 2016 16:48 BST

    A British financial watchdog opened the way to another possible round of costly compensation claims on Friday, saying it had found evidence that insurance agents had falsified documents, faked signatures and saddled people with products that would never pay out. The Financial Conduct Authority (FCA), set up in 2013 to …

  • Three great bargains after today’s news? - Fri, Jul 22, 2016 12:42 BST

    Do Friday's updates offer tempting opportunities?

  • Can you depend on the dividends from HSBC Holdings plc (LON: HSBA) and Legal & General Group Plc (LON: LGEN)?

  • How has the UK's most renowned investor reacted to the referendum result? Here's what Neil Woodford has been up to.

  • 5 dividend stocks I’d buy now - Thu, Jul 21, 2016 14:20 BST

    In the current 'lower for longer' interest rate environment, SSE plc (LON:SSE), Pennon Group plc (LON:PNN), Prudential plc (LON:PRU), Old Mutual plc (LON:OML) and Target Healthcare REIT Ltd (LON:THRL) ...

  • Britain's FTSE climbs to 11-month closing high as insurers rise Reuters - UK Focus - Wed, Jul 20, 2016 17:20 BST

    Britain's top shares index climbed to its highest closing level in 11 months on Wednesday, boosted by a rise in insurance stocks, although a slump in Anglo American pushed down the mining sector. The blue-chip ...

  • Britain's FTSE rallies though miners lag Reuters - UK Focus - Wed, Jul 20, 2016 10:14 BST

    UK shares advanced on Wednesday, supported by recent currency weakness and gains in healthcare stocks, though miners fell after updates from Anglo American and BHP Billiton. The FTSE 100 index was up 0.4 ...

  • BUZZ-Admiral: Top of the FTSE on UBS upgrade Reuters - UK Focus - Wed, Jul 20, 2016 08:27 BST

    ** Insurer Admiral's shares up 2 pct, top of the FTSE, after UBS analysts hike rating on co to "buy" from "neutral", PT to 2339p from 1840p ** Analysts say market is overlooking potential ...

  • Prudential fined for authorizing fraudulent annuity withdrawals Reuters - UK Focus - Tue, Jul 19, 2016 18:20 BST

    The Financial Industry Regulatory Authority fined Prudential Annuities Distributors $950,000 on Tuesday for failing to prevent the fraudulent withdrawal of nearly $1.3 million from an elderly annuity holder's account by her financial officer. Frederick, Maryland-based financial sales assistant Travis Wetzel (Sao Paolo: …

  • Four ways to hit your retirement income targets Telegraph - Tue, Jul 19, 2016 09:43 BST

    Four ways to hit your retirement income targets

  • Legal & General completes 750 mln pound pension buy-in for ICI Reuters - UK Focus - Tue, Jul 19, 2016 07:17 BST

    Legal & General Group has completed a 750 million pound pension buy-in transaction for the ICI pension fund, the insurer said on Tuesday. Legal & General and ICI did the risk transfer deal shortly after ...

  • Does a tumbling share price mean Legal & General Group plc (LON:LGEN) is now a buy?

  • These three stocks are dirt cheap and have huge turnaround potential: Lloyds Banking Group plc (LON: LLOY), Prudential plc (LON: PRU) and Aberdeen Asset Management plc (LON: ADN).

  • These 5 FTSE 100 stars are looking far too cheap! - Mon, Jul 18, 2016 07:00 BST

    Royston Wild reveals a cluster of FTSE 100 (INDEXFTSE: UKX) giants going at ridiculously low prices.

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