Lloyds Banking Group (LBG) and Zurich have signed a deal under which LBG will acquire Zurich's UK workplace pensions and savings business with assets under administration of more than £15 billion and circa 500,000 customers.
The deal includes a multi-year, exclusive distribution partnership for Zurich to provide group life protection solutions to certain corporate clients of LBG's Commercial Banking services As part of the transaction around 200 Zurich employees - including key management, relationship managers, technical experts and operations staff, located primarily in Cheltenham - are expected to transfer to LBG under a TUPE arrangement. The acquisition is expected to partially close in the first quarter of...
Jack Wild gives his take on the protection market as a 'new modern adviser.'
Medicash has provided financial support to The Hive Zone to enable the youth group to offer free membership and free meals across the school holidays.
Zurich, in collaboration with the Smith School of Enterprise and the Environment at the University of Oxford, has published the UK recommendations from its report, 'Embracing the income protection gaps challenge: options and solutions'.
The UK market for private medical cover flatlined in 2016 with 4.02 million policies covering 6.89 million lives in 2016, some 10.5% of the population, LaingBuisson has published.