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Allied Irish Banks cancels internet bank plans

Allied Irish Banks has announced it is scrapping plans to establish a stand-alone internet bank, citing the failure of other internet banks as its reason.

It says the market is not big enough to support stand alone banks and instead it will expand its existing internet presence instead.

AIB head of electronic banking Billy Andrews says: “We have found that the integrated bricks and mortar approach is working, and the whole experience of that seems to be good.”


Aon calls on IFA networks to scrap select pension panels

Aon Consulting is urging IFA networks to follow its lead and abandon select panels for stakeholder pensions or risk misleading consumers.Aon, one of the UK&#39s biggest employee benefits consultant s, recently issued a statement on its plans to look at the whole market before recommending a life office&#39s stakeholder, arguing that small panels are not […]

Trade bodies link up to design training toolkit

Financial services trade bodies are teaming up to design a toolkit to help IFA businesses meet the FSA&#39s training and competence regulations.The project is being co-ordinated by the Insurance & Related Financial Services National Training Organisation, which is working on behalf of a consortium of organisations including Autif, Aifa, Sofa, IFP, LIA, Sifa and the […]

Websites failing to meet users&#39 needs

Consumers are being let down by financial services websites, according to research.The survey, by the Round Consultancy, found only six of the 50 companies it surveyed offered a satisfactory online customer service.The consultancy logged on to 50 financial services websites to find users had a 14 per cent chance of being denied access to the […]

A game of two halves

Last week, we looked at the European Court of Justice ruling in the Magorrian case which indicated that part-timers could demand a back-dating of pension scheme membership to 1976.This ruling, if confirmed, would potentially cost pension schemes phenomenal amounts of money and, of course, give extremely valuable pension benefits to many hundreds of thousands of […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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