Dublin-based actuarial consultancy firm Life Strategies announced today that management and staff have acquired the company from UK-based Vertex Financial Services Holdings (formerly Marlborough Stirling) for a cash payment of €2.7m.

A new report on special savings accounts (SSIAs) suggests that the fina value of the scheme will be more than €16bn, with the Government recouping €400m through the 23% exit tax on interest earned on the accounts.

SAFE special savings incentive account (SSIA) investors who opted for fixed-rate products are on target to get the best return on their investment, a study has found.

SSIA investors who selected fixed rate products are the most likely to see high gains when the accounts mature in 2007.