TITLE

NU makes emergency cuts

AUTHOR(S)
Stones, John
PUB. DATE
July 2002
SOURCE
Money Marketing;7/25/2002, p72
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on the emergency measures taken by British life insurer Norwich Union company as of July 25, 2002 in response to the decline of stock markets. Devaluation of with-profit polices; Reduction of bonuses; Reaction to the actions taken by Norwich.
ACCESSION #
7164767

 

Related Articles

  • Norwich Union in customer-facing 12m pounds brands ads. Witt, Joanna // Marketing (00253650);10/5/2000, p4 

    Reports on the launching of the first advertising campaign of insurance and financial services company, Norwich Union in Great Britain.

  • Insurers urged to help IFAs move into business cover. Scott, Tracey // Money Marketing;2/12/2009, p23 

    The article reports on the call of Norwich Union PLC (NU) director of marketing protection Richard Verdin on insurers to help independent financial advisers (IFAs) tap into business protection in Great Britain. To support advisers, NU has established an in-house business protection unit that...

  • NU will pick an advocate to bid for £3.4bn orphan assets. Phillipps, James // Money Marketing;11/3/2005, p5 

    Reports that Norwich Union Insurance Group has stepped up its attempts to reattribute orphan assets within two of its with-profits funds in Great Britain. Appointment of a policyholder advocate to look into the deal; Lack of clarity on who owns the orphan assets; Responsibility of the...

  • Commission hike boosts NU pension sales by 22%. Phillipps, James // Money Marketing;11/3/2005, p14 

    Reports on the growth in individual pension sales of Norwich Union Insurance Group quarter on quarter after it boosted commission in Great Britain. Admission on the sacrifice made on some margin to maintain market share; Capability of the company to compete at the low margin levels; Overall...

  • 'Poor admin by providers costs IFAs a day a week' Shaw, Sam // Money Marketing;6/30/2005, p1 

    Reports on the survey indicating the business growth potential of insurance firm Norwich Union PLC if it sorted out its service problems from SimplyBiz advisers in Great Britain. Percentage loss in business of advisers as a result of inefficiencies of product providers; Efficiency rating of...

  • NU sets out on trail path. Shaw, Sam; PhiIIipps, James // Money Marketing;4/5/2007, p3 

    The article reports on the plan of Norwich Union PLC (NU) to phase out high initial commission payments over the long term in the financial services industry in Great Britain. The insurer is claimed to work with a specialist consultancy to create a training package that will be introduced to...

  • Norwich Union / RAC: in-house insurance.  // MarketWatch: Financial Services;May 2005, Vol. 4 Issue 5, p10 

    Reports on benefits of Norwich Union's acquisition of RAC. Improving Norwich Union's union portfolio; Providing the company with future growth potential; Reducing the impact of insurance cycle volatility on its results.

  • Taking care of business. York, Nicola // Money Marketing;9/21/2006, p36 

    The article reports that long-term care (LTC) product providers and advisers remain optimistic despite the departure of Norwich Union (NU) PLC from the sector. However, advisers are worried about the future of the sector as 25% of the LTC provider market disappear. Robert Hamer, Immediate Needs...

  • Converging point nears for annuities. Pow, Helen // Money Marketing;1/22/2009, p19 

    The article reports that standard annuities will converge with enhanced annuity market as product providers introduce more sophisticated pricing strategies in the financial services industry in Great Britain. It highlights the move of Norwich Union PLC to take smoking and marital status into...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics