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The Actuary The magazine of the Institute & Faculty of Actuaries

Insurers join FTSE 100

Monday 18 September saw household name brand Rentokil and blue-blooded bank Schroders make their exit from the FTSE, at least for the time being. Unusually the replacements were two life insurers – Standard Life, following its recent demutualisation, and Resolution Life, which has grown rapidly by acquisition of other life funds, including most recently the life funds formerly owned by Abbey.