How to keep your shirt at Lloyd's
Article Abstract:
Lloyd's of London has traditinally operated with Names providing capital. These Names, individual investors with unlimited liability, were sometimes badly hit in the early 1990s, and the number of Names has fallen to 9,905 in 1997 from 34,200 in 1988. Lloyd's has sought to attract corporate capital, and there are also opportunities for individual investors who can limit their liability. Quoted investment trusts are one way to invest in Lloyd's. There is a possibility of good returns since the market is very specialised with international coverage, though it is not easy to selecta good company to invest in.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Pru salesmen hash the video tape test
Article Abstract:
Prudential Corp salesmen have to pass 30 exams in order to continue selling pension plans. The exams related to sales techniques as well as product knowledge and are likely to have an impact on the company's results. The exams were imposed by the Securities and Investments Board. The company could also suffer from adverse publicity if it fails to meet a deadline for dealing with mis-sold pensions. Meanwhile, Peter Davis, group chief executive, will also take over as UK chief executive with the departure of Jim Sutcliffe from the UK chief executive post.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Pru raises orphans
Article Abstract:
Prudential has seen a rise in its share price following an announcement that the company is seeking to release assets for shareholders. The company is talking to the UK Department of Trade and Industry (DTI) to see whether orphan assets from unclaimed payouts and cautious bonus levels can be used. The DTI has to assess whether reasonable levels are paid to policyholders in order for orphan assets to be released. Other UK insurers have also applied to use their orphan assets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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