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Aviva extends advocate deadline

Aviva has extended until early March the deadline for policyholder advocate Clare Spottiswoode can respond to its offer to buy out the eligible with-profits policyholders interest in its5bn inherited estate.

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OFT in legal action against Foxtons

The Office of Fair Trading has issued High Court proceedings against estate agency Foxtons under the Unfair Terms in Consumer Contract Regulations 1999. The OFT objects to terms in Foxtons’ lettings agreements.

Optimal force

Earlier this month, Iimia MitonOptimal made the surprise acquisition of Liverpool firm Midas Capital Partners, creating what the firms say will be the biggest multi-asset offering inthe market at £2.9bn.Iimia MitonOptimal will buy Midas for £100.3m,with Midas co-founderSimon Edwards taking onthe role of managing director of the merged business.The chief executive of Iimia MitonOptimal, Michael […]

Life offices in pension plea over exempt test

Leading life companies are urging the Government to change the qualifying test for pension personal account exemption to stop mass levelling down and prevent huge damage to existing provision.Standard Life head ofpensions policy John Lawson considers that pension scheme exemption is a bigger issue than means-testing and estimates that three out of four employer pension […]

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