Life
asia and em boost sales for standard life
Standard Life International has blamed “disruption caused by the implementation of the Retail Distribution Review” for a drop in sales of its offshore bonds into the UK last year, as its parent company reported a growth in profits and record assets under administration.
rdr impacts landg offshore q4 bond sales
Offshore bond sales at Legal & General International Ireland fell 11% in 2012 to £510m, from £570m in 2011.
aviva posts 3bn loss as international cull
The UK’s largest insurer Aviva has slashed its full year dividend and reported a loss after tax of £3.05bn for 2012, with shares of the FSTE 100 company falling by up to 16% during trading in London this morning.
Legal and gen boosts intl assets by a third
Legal & General Investment Management’s international assets jumped by just over a third in 2012 to £43bn, which accounted for more than 10% of the total amount under management.
Aviva to sell Russian business
Aviva has sold its Russian life and pensions operations to a non-state pension fund in the country for 35m.