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Abbey National to recruit 500 advisers

Abbey National is to recruit 500 advisers to offer face-to-face advice through its branch network.

It is looking to recruit advisers recently made redundant by the Prudential, Britannic and Sun Life Financial of Canada.

Abbey is aiming to grow its life assurance business and says branch advisers will help customers looking for advice make the transition from ordinary savings accounts to more complicated investment products.


Norwich Union covers up

Norwich Union has designed a cafeteria-style protection plan aimed at employers who have a Norwich Union pension plan in place for their employees.Business benefits@Norwich Union has four elements — group income protection, group life cover, group private medical insurance and accident sickness and unemployment cover. They use the same online administration system as Norwich Union&#39s […]

Rothschild Asset Management adds to five arrows range

Rothschild Asset Management has added the European balanced income & growth fund to its Five Arrow International managed fund range.Listed in Guernsey as an offshore unit trust, the product is based on the existing Swiss franc denominated European balanced income and growth, but is available in Euros. Rothschild is pitching the fund at European investors […]

MVAs get new name for clarity

The ABI&#39s Saving and Long-Term Risk Raising Standards initiative is renaming with-profits market value adjusters as market value reductions in a bid to make the penalty clearer for consumers.The requirement is not mandatory.ABI spokesman Vic Rance says: “We decided it will be more useful to call adjusters a reduction as in practice this is what […]

Nasdaq bond from NDF

NDF Administration has introduced the technology plus plan, a capital protected investment that is linked to the Nasdaq-100 index.The plan is available as an individual savings account and as a personal equity plan transfer. It aims to produce capital growth of 232 per cent, which includes the return of the original capital, by the end […]


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