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A bumpy ride for EasyLife venture

EasyJet tycoon Stelios Haji-Ioannou&#39s proposed online term insurance

venture, project-named EasyLife, is believed to be facing delay as

EasyGroup remains undecided about which quotation system to use.

A source close to one of the insurers originally linked to EasyGroup says

the company is undecided as to whether to offer term insurance quotations

using its own bespoke software or The Exchange software.

Standard Life, CGU, Norwich Union, Legal & General, Permanent Insurance

and Scottish Provident all confirmed in May that they were in preliminary

talks with EasyGroup about selling products through new portal

But with the originally touted target deadline of August approaching, some

of the key players linked to the venture are not willing to confirm whether

they will sign up to the project.

But EasyGroup director of corporate affairs James Rothnie says: “This is a

company in its incubation, which we hope will be launched this year.”


Barclays backs down on cash machine fees

Barclays has backed down in the face of massive opposition from competitors and consumers over its plans to charge fees to non-members using its cash machines. In recent weeks the debate over whether or not consumers should face charges for using cash machines has intensified. NatWest and Abbey National announced last week they were dropping […]

M&E setting up loans network to train IFAs

M&E Network is setting up a mortgage network to help advisers meet lenderstandards under the new regulatory regime.Independent Mortgage Advice hopes to sign up 1,000 intermediaries by theend of the first year in addition to the 1,000 IFAs which are already M&Eand Interdependence members.The network will provide the compliance training lenders are likely todemand from […]

&#39IFAs must improve consumer relations&#39

M&E members have given short shrift to Financial Services Consumer Panelchairwoman Barbara Saunders over remarks that IFAs must improve consumerrelations to remain competitive.Speaking at the conference last week, Saunders said advisers must improverelations with clients and educate them more on their financial needs.She said many of the attitudes that members of thepublic have of theirfinancial […]

Price is right for EMX

The industry has long fantasised about an electronic messaging system thatcould be used by everyone. Back copies of the trade papers are full ofstories about new electronic systems, failed initiatives, pipe dreams andsome success stories too.When Autif took the lead in the investment fund arena, it was the greenlight for co-operation between fund management houses […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]


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