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AMP sets up direct sales force

AMP is creating a 500-strong direct salesforce to give non-FSA regulated face to face advice.

AMP’s existing 2,000-strong salesforce will be reorganised to create the new team. It will also operate under the Pearl brand and will offer general insurance, banking products and mortgages through AMP Bank, Abbey National, Alliance & Leicester, Nationwide and Woolwich.


London is the key for Delph

Delph Property Group is concentrating on the heart of London with the first property investment scheme.First property is an enterprise investment scheme aimed at experienced investors who are looking for either rental income or capital growth over the medium to long term and who have had experience of the rental sector before. The scheme is […]

Dual-pricing offers extra flexibility to IFAs

Cofunds has introduced a dual pricing facility, giving IFAs the flexibility to offer different initial fund charges on Isa and Pep transfer business.Cofunds says it is the first to offer the new functionality, giving IFAs the chance of individually negotiated fund discounts when switching on the Cofunds platform.Cofunds has also announced that it is teaming […]

Scottish Life cuts terminal bonuses

Scottish Life has become the latest company to cut terminal bonuses across life and pensions products in line with stockmarket falls.The maturity payout on a 10 year endowment has come down 4.6 per cent to £8,895 from £9,329. A 25 year endowment maturity payout has come down to 8.7 per cent £99,758 from £109,336. Both […]

Report criticises quality of wealth management

Many wealth management companies are failing to target the right customers, understand their needs or offer them the proper services, claims a report by IBM.The report, co-authored by Professor Merlin Stone and IBM, suggests that many wealth management firms are simply “window dressing” basic financial products.It claims firms are too often content to see wealth […]


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