Going down: Sun Life & Provincial
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.SHARES in Sun Life and Provincial Holdings, Britain's fourth largest insurer, fell 15 per cent on fears that a new government pension initiative will cause them to lose market share to fund management companies. The Government has proposed an investment vehicle that will enable people to invest in mutual funds and unit trusts as part of their pension planning.
The fall in the share price could pose problems for Sun Life in the proposed takeover of Guardian Royal Exchange. Part of its offer for GRE is based on shares, and if the price continues falling, it could trigger a counterbid. Eureko, a consortium of six European insurers led by mutual Friends Provident is seen as one potential rival.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments