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AIG Life maintains interest rates on guaranteed income bond

AIG Life is maintaining interest rates on its guaranteed income bond despite the recent base rate cut.

AIG will pay a guaranteed rate of 5.67 per cent despite the Bank of England cutting the base rate to 2 per cent earlier this month.


FSA fines Egg £721,000 for PPI failings

The FSA has fined Egg Banking £721,000 for serious failings in its sales of credit card payment protection insurance and it is likely to have to pay significant sums in compensation.

National advisers face £500m cap-ad shock

Seven of the biggest financial advice firms could be required to raise an additional £527m in capital under the regulator’s new prudential rules, according to the FSA’s own estimates.

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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