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. |
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. |
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. |
What everyone will want to see is the numbers and the structure of the business. |