Summary
The new owner of Abbey National yesterday crushed speculation that it could offload its Scottish Provident and Scottish Mutual brands.
Santander Central Hispano said it would put the life assurance operations, which manage funds for more than 850,000 policyholders, into a newly created insurance and asset management division that showed 'the importance of these markets' to the company.See the full content of this document
Extract
Abbey Stands by Life Assurance Firms
The announcement followed widespread speculation that Santander's recent pounds 9bn takeover could lead to disposals in f...
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