Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Alex Imrie, UK Equities, Kleinwort Benson.
As the chancellor delivered his Budget speech – peppered with important changes to savings and pensions – investors were left to consider the consequences for the insurance industry. Despite the government’s changes, we believe that certain life and non-life insurers stand to profit disproportionately from continued economic recovery.
As well as benefiting from the higher level of savings that usually accompanies an improving economy, life insurers also benefit from a gentle steepening of yield curves. If [...]
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