Abbey Life has successfully completed a major part of its Year 2000 compliance work following the vetting of its head office systems by IT specialists CS Rand.
The IT specialist conducted tests on Abbey's main frame Cobol system, which runs its head office administration operations, to ensure it is free from the Millennium Bug. The project cost £2.5m in total.
Co-operative Insurance Services has declared record terminal and annual bonuses of £716.3m for life and pension policies. The payouts on 10-year and 25-year endowment policies have increased by up to 2.8 per cent. But investors in medium term policies of 15 years have seen a fall in their returns of up to 1.2 per cent. […]
Scottish Amicable is under fire from IFAs for locking nearly 500,000 policyholders into poor-performing funds.It linked up with six external fund managers in February this year after years of dismal performance from its own fund managers.But only regular-premium policyholders since February 1998 and single-premium policyholders since September 1998 will be allowed access to the new […]
While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]
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The latest update (version 10.3) to Apple’s mobile iOS operating system brings with it some useful features it is worth knowing how to activate. To me, the most valuable is to replace the existing four- or six-digit passcode with an alphanumeric one for additional security. You just cannot be too careful about security; we all […]
The chief executive on his retail sector-inspired plans to help investors make the right choice
Money Marketing recaps a great night for the profession