BARRIE CORNES PANMURE GORDON
The market remains challenging but the company is probably one of the best equipped in terms of the challenges posed by the introduction of the Retail Distribution Review later this year. HOLD.
KEVIN RYAN INVESTEC
The star was the core UK business which was nine per cent down at £3.6bn. We continue to recommend the stock as it looks cheap on our sum of-the-parts valuation and it has good yield support. BUY.
MARCUS BARNARD ORIEL SECURITIES
Upbeat numbers that beat estimates for new business sales, fund flows and assets under administration. The outlook statement points to a good performance against a fragile economic environment.HOLD.