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Administration for Premier Network

Premier Network Group is going into administration amid claims from appointed reps that it owes them renewal commission and proc fees. PNG closed to new business on February 16.

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Orphan payouts halved

Aviva and policyholder advocate Clare Spottiswoode have renegotiated a reattribution deal for the firm’s inherited estate which will see payments to policyholders slashed in half.

Rob Clifford quits Virgin Money

Virgin Money’s UK managing director Rob Clifford has left the business due to the burden on his family life of travelling between the firm’s nationwide offices.

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