Business as usual at troubled Nvesta
UK structurer Nvesta is fighting for its life if national press reports are to be believed. Although the company is embroiled in controversy following a default by its parent company, Eurolife Assurance Group, there is still time for Nvesta to bounce back. By Patrick Fletcher
The British press loves a financial scandal. And so when a company defaulted on its bond a few papers, notably the Mail on Sunday and the Guardian, took it on themselves to inform readers of Nvesta's apparent misdeeds. Sadly, most stories got some of the details wrong.
With the precipice bond scandal now regarded as old news, the hacks jumped on the bandwagon after problems were revealed relating to a £15 million bond sold by Eurolife Capital Funding – a subsidiary of Eurolife Assurance Group
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