24 December 2008
Next year will be a challenging year for the insurance industry, warns Watson Wyatt global head of insurance consulting Philip Brook.
The Association of Medical Insurance Intermediaries is to hold its first Transparency of Claims discussion panel next month.
The cautious managed sector was the most popular for investors in 2008 as they continued to run for cover from the market downturn, according to figures from Fidelity FundsNetwork.
One in five consumers will be less likely to take out payment protection insurance if the Competition Commission’s crackdown is enacted, according to research by MoneyExpert.com.
Consumers cheating or lying to get a cheaper insurance deal are jeopardising insurance cover, warns the Association of British Insurers.
The FSA is hosting a treating customers fairly training seminar for small FSA regulated retail firms and compliance consultants in Norwich on January 21.
The FTSE 100 held on to gains from its last session opening over 20 points higher today at 4,339.95 with continued strength from oil and mining stocks.
Government funded debt advice services have helped over 100,000 people in 2008, reveals the Department for Business, Enterprise and Regulatory Reform.
The trustees of HBOS’ pension scheme may call on a judge to postpone the Lloyds acquisition until the group agrees to back the fund which is believed to have a shortfall of up to £5bn, reports claim.
Bank of England data has revealed a decline in homeowners withdrawing equity from their homes to fund improvements or other spending.
House prices dropped 12.2 per cent in November compared to the same month last year, Land Registry data reveals.
Killik & Co is urging consumers to review their pension investments to ensure they are prepared for “tougher times ahead”.
Consumers lack of trust in institutions will drive them towards IFAs, says Bankhall managing director of IFA services David Golder.
Halifax has called on Britons to make saving in a pension their new year's resolution for 2009.
IFAs should adapt marketing activities to help their business endure tougher market conditions in 2009, says IFA Life.
Recent fiscal and monetary stimulus will help restore stability in the financial system but more action is required before a full recovery is possible, says Western Asset Management.
The FSA has given New Star permission to extend the dealing suspension on its international property fund.
Up to a million jobs could be lost during the recession, the Chartered Institute of Personnel and Development has forecast.
The Pension Protection Fund may be the next institution begging for a Government handout, says Redington Partners founding partner Dawid Konotey-Ahulu.
Sifa is urging advisers approaching their professional indemnity insurance renewal date to discuss new charges with their broker, after a member’s renewal premium was recently doubled.
The FSA has re-appointed Tim Herrington as chairman of its Regulatory Decisions Committee.
The Conservatives have accused Labour of “bankrupting Britain” as the pound hit a new record low against the euro of 1.024.