MetLife UK is closing its wealth management arm to new business, saying the challenge of long-term interest rates has made it difficult to deliver value.
MetLife said it will be refocusing its strategy to drive the growth of its employee benefits and individual protection businesses. Illustrations for new wealth management business ceased at 5pm on Friday 7 July, with existing applications accepted until 5pm on Friday 28 July. Managing director Dominic Grinstead said despite the business' growth to £5bn of assets under management since its launch in 2007, the ongoing challenge of long-term low interest rates had made it difficult to deliver...
Bill broadened to include insurable interest in cohabitants, group schemes and trusts
Thursday 4th October at The Hilton London Bankside
Early conversations about end-of-life care are crucial to ensure individuals living longer can make their own decisions, however right-to-die approaches vary all over the world
Group life, critical illness and income protection business bought from Munich Re