Santander announces agreement with Aviva
Spanish financial giant Santander, the owner of UK assets such as Abbey, Alliance and Leicester and parts of Bradford and Bingley, has today announced an exclusive five-year deal with UK insurance giant Aviva. The agreement sees Santander enter into an exclusive deal which will see the company sell Aviva life insurance through its 1300 UK branches.
This is not the first deal between Santander and Aviva as the Spanish giants already sells a range of Aviva general insurance products throughout the UK. There is no doubt that Santander is "bulking up" the UK operation ahead of a potential sale later this year or early next year. Quite what value investors will place upon the company's UK operations remains to be seen but there has been significant growth over the last decade.
Santander is one of the few financial companies around the world which has managed to exit the worldwide economic downturn very much stronger. The company continues to look for acquisitions both in the UK and overseas and many believe that Santander, already a formidable name in the worldwide financial arena, is one to watch for the future. It has taken some time to expand the UK operations but the company now has a very strong presence in the country.
Budget Headlines : Trade credit insurance to be matched by authorities
Trade credit insurance to be matched by authorities...Read More
Can we prevent ID theft?
Over the last few years there has been a massive increase in the number of ID thefts occurring around the world with many people being left with significant debt by the fraudsters. Despite the fact that more and more people are now aware of ID theft it seems that many of us still believe it will never happen to us. Can we prevent ID theft? ID theft is basically the theft of your private details...Read More
Home insurance prices fall
29/01/2015 Buildings and contents insurance prices have fallen over the last year, according to the Association of British Insurers (ABI). The ABI tracked the price paid for household buildings, contents and combined insurance, and found that insurance premiums have been driven down by competition over the last year, despite heavy flooding through much of the UK. For buildings insurance,...Read More
PPI complaints soar at taxpayer funded banks
It has been revealed that taxpayer funded banks such as Lloyds TSB and Northern Rock have been receiving substantial complaints from customers regarding their PPI sales. This particular type of loan payment protection insurance has received significant criticism from both customers and regulators alike and the industry watchdog has already issued a number of warnings. However, Lloyds TSB, Northern...Read More
Financial Advice Tools