R&SA financial strength doubts

Tom mcphail at hargreaves landsdown warns gilt issuance will increase pressure on the group

Research questioning the rescue package for Royal & SunAlliance (R&SA) has led Hargreaves Lansdown to urge investor caution on the life office. Tom McPhail, pensions research manager at Hargreaves Lansdown, has serious concerns about the financial strength of the life office. 'Whether people should actually transfer out of the group will be down to individual circumstances,' he said. Still, he warned, given the life office's heavy overweight position in fixed interest, further pressure could come from increased gilt issuance announced by the Chancellor in his pre-budget report last ...