Financial planning 'crucial' for prospective retirees - Published:03/09/07
potential retirees should be reviewing their financial situation carefully and planning which financial avenues would best suit their needsPrudential's commentary follow a survey carried out by the group representative that a fifth of Britons say they will have to labor for the rest of their lives to make trimmings meetJust over two-fifths of Britons also believe they will be clever to stop working by the age of 65, the Prudential's report suggestsNearly one in ten Britons also speculated that they would not be able to retire until after their 70th birthdayGary Shaughnessy, managing director for Prudential's retail existence and pensions arm, said the information from the survey made for "depressing" readingHe said that the collection would be establishing a "new viewpoint on retirement planning, which recognises and promotes the fact that non-pension savings, savings and equity in property all play a vital position in enabling people to maintain their lifestyle.
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PruHealth scoops insurance awards - Published:15/11/06
PruHealth, an arm of insurance group Prudential, has been named as the best medical cover and health cover providerHealth Insurance magazine's yearly awards recognised PruHealth as number one insurer, which the company describes as a "fantastic tribute"PruHealth scooped the Individual Private Medical cover Provider of the Year and Health cover Company of the Year awardsShaun Matisonn, chief decision-making, commented: "We're extremely pleased that in two short years we have inward such extensive broker recognition"A day ago at these awards we won Most Innovative novel Product so it is very encouraging to see that people continue to worth this innovation"He added that the recognition, in adding to growth seen by the company, proves that its approach to private medical insurance has been successfulMr Matisonn finished that PruHealth has "the only sustainable solution to PMI [private medical cover inflation"PruHealth was created in 2004, jointly launched by Prudential and South African corporation Discovery HoldingsPrudential claims to be a leading provider of life cover.
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A Fine Start For Standard Life - Published:27/10/06
Shortly before criterion Life (LSE: SL) floated in July, I wrote that the company was "priced to go", and, sure enough, the share has enthused up nicely from the float cost of 230p to 268p today I think the shares are worth holdingAdmittedly, the share has slipped on today's temporary results The market is worried by information that a higher than expected figure of customers are cashing in their policies now they've received their split allocation in the float Some other customers are ending pensions in command to exploit the new pension system following A-Day The company has increased "lapse" provisions by £100m in responseWhat's more, first-half profits missed forecaster forecasts, partly thanks to the increased provision in force profits came in at £206m, inferior than a consensus forecast of £249m Still, the trend is up; operating profit for the full year in 2005 was £395mAnd there was good information in nowadays's results statement Standard Life's "share of the UK life and pensions market rose in the first not whole and profits better"New business contributed a profit of £93m, almost three times greater than the equivalent figure for the whole of 2005 That's thanks to a concentration on higher margin goods such as SIPPS and investment bondsSIPPS and the changes following pensions A-Day mean there's decent possible for growth in the UK life business And even the more difficult Canadian operations seem to be picking up factual, overall market share in Canada has fallen but income are rising thanks to improved margins and a choice not to chase volume via low pricesLife insurance companies are often worthd on an "embedded worth" (EEV) basis -- a combination of attuned net asset value and the present value of prospect profitsTraditionally, if a life insurance company trades on a multiple of one era EEV, it's seen as cheap Prudential (LSE: PRU), for instance, currently trades on a manifold of 14 At flotation, Standard Life's EEV multiple was just below 1 nowadays's new EEV per share shape is 246p, so at 268p, Standard Life trades on an EEV multiple of around 11Looking at the price/earnings relation, analysts were forecasting pay per share of 203p for the whole of 2006 That puts the company on a price/earnings ratio of 13, but I expect that analysts are almost certainly wounding their full year forecasts today so the p/e ratio may rise a littleStandard Life's relatively near to the ground EEV multiple reflects the piece of information that the company has its problems: departing customers after the IPO, a anxious healthcare business, declining market share in Canada, and uncertainty about prospect top management But overall, I certainly don't think criterion Life is expensive, more like around pale valueSo if you hold shares from the IPO, I suggest you suspend on That's especially true if you're in line to receive a 5% top-up by investment until next summerI'm not sure that now is a high-quality time to pay money for fresh shares, but if the share price slipped back to 246p, then criterion Life could be an attractive engage in recreation on an ageing population's need to invest more for longer retirements© Copyright 1998-2006, The assorted Fool Limited All rights reserved This material is for personal employ only The Motley trick, trick, and the "trick" logo are registered trademarks of The Motley Fool, Inc Legal in order Disclaimer Privacy and Cookie.
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