What made the news on 12 April 1999

Five years ago

Stakeholder threat to life companies Life companies were warning they would find it almost impossi...

Stakeholder threat to life companies Life companies were warning they would find it almost impossible to get the critical mass of members needed to make a profit from stakeholder. Mark Hommell, managing director of pensions at Liberty Pensions, warned that a provider would need between 300,000 and 500,000 stakeholder accounts to make administration attractive. Scottish Amicable planning to replace Pru funds with M&G Scottish Amicable announced it was thinking of replacing its Prudential fund links with some from M&G. While the group had fund links with a number of management houses, the...