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ABI welcomes FSA paper

The Association of British Insurers has welcomed the FSA&#39s consultation paper which sets out draft guidelines for providers on compensation for those who have been mis-sold mortgages.

The ABI says the guidelines complement earlier advice given by the FSA Ombudsman and will be helpful to insurance companies dealing with complaints.

It will provide a more detailed response to the consultation paper before the 17 January deadline.

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FSA sets out guide to shortfall cash

Endowment holders will only receive compensation if they can prove they were missold a policy and lost out financially. Under guidelines issued for consultation by the FSA last week, compensation will be made on a “fair and consistent” basis but only if endowment policyholders can prove that they have lost out as a result of […]

All share index to beat FTSE 100 says M&G

Fund manager M&G says the all share index will outperform the FTSE 100 for the second year in a row. The fund manager says that since the beginning of 1999 the all share has returned 15 per cent compared to 9 per cent. Head of global analysis John Hatherly says: “During 2000, the FTSE has […]

mPower Europe buys out online IFA Sort

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Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.

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