4 ordspråk av Ned Cazalet
Ned Cazalet
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Fundamentally, there is very little genuinely new business about. Much of the new business written is simply premium income that has been recycled from one provider to another.
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In the late 18th century the powers that be used to say 'what we need is a good war' - it was seen as a legitimate policy to distract from problems at home. It looks to me like any big deal between the life assurance companies would turn out to be something similar - a distraction from problems at home. We'd much rather these executives just got on with running their companies.
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What everyone will want to see is the numbers and the structure of the business.
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Even so, the danger of acting hastily is that you may end up accidentally throwing out the family silver in the bin liner. Even if you're in a closed with-profits fund with a low proportion invested in shares and very poor bonus rates, that does not necessarily mean you should get out of it.
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