Comfortable but not complacent
Article Abstract:
Scotland's life assurance industry has seen rapid growth in the 10 years to 1996. Edinburgh, Scotland ranks fourth in Europe as a financial center. Deals reflect the dynamism of the sector and include the acquisition of Scottish Mutual by Abbey National. Scottish Widows, meanwhile, is reducing its work force. Scottish life companies tend to be mutuals rather than have shareholders and this allows them to take a long term view. The situation could change and mutuals may be under pressure to lose this status.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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A tale of two cities
Article Abstract:
The financial services industry in Edinburgh, Scotland, includes insurers which are tradtionally located round Saint Andrew Square. These insurers include Standard Life, Scottish Provident and Scottish Equitable. Investment houses tend to be located round Charlotte Square, and these include Adam and Co, and Ivory and Sime. Scottish life insurers tend to be run by actuaries who spend their working life at one company. Fund managers tend to see insurers as lower in the social hierarchy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Scotland: financial centre, managers' skills put them in premier league
Article Abstract:
Scotland ranks third among equity management centers in the European Union and accounts for 25% of investment trust assets in the UK. Gross funds under management increased by 100% in the five years to 1994 but growth dropped to 6.7% in 1995. There has been a rise in transfer deals and a major deal involved Dunedin Fund Managers, acquired by Edinburgh Fund Managers, which has become the second biggest investment trust in the UK following this deal.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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