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.
Cavanagh has announced a redundancy programme and says it now expects to break even before costs for the second half of the year.
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.
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.
Scottish Widows’ new online study program is now taking IFA registrations ahead of the Chartered Insurance Institute’s round of exams in April.
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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