March of the Life Zombies

Mail on SundayJune 13, 2005

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Summary


What do four million savers with policies from Royal Sun- Alliance, Britannic, Alba, Century, Swiss Life, Cornhill and dozens of other once-famous brands have in common?

They are all customers of Resolution Life, a new giant insurer in the twilight world of zombie funds.

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Extract


March of the Life Zombies

The funds are in a state of slow death because they are closed to new customers and will be wound down over decades. In 30 years' time, most will not exist....

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