A policy of financial prudence - we never take risks with our clients’ monies and we don’t develop complex financial instruments that put our financial future at risk.
Investments that we make include corporate bonds and deposits that are managed by Robeco to meet stringent credit quality limits. These only permit Robeco to acquire investment grade bonds. Of the Corporate Bonds and deposits held by the Group, 99% are investment grade securities.
Our Equity Release business is funded exclusively from our annuity assets so we do not approach the market to securitise this debt. This means we never take on more business than we are able to. It also means that we do not take any undue risks with the liabilities that we take on our Equity Release book.
This prudent approach, coupled with the success of our product and service offering to the market speaks for itself. Assets under management as at 31st June 2011 were £3.5 billion.
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