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Axa hits out at Government pensions policy

Axa Sun Life has made an unprecedented attack on the Government&#39s pensions and savings policies.

Marketing strategy director Robert Lee, writing in Money Marketing this week, puts the neglect of financial advice at the centre of broadside against Lisas, stakeholder pensions and Cat standard ISAs.

He directly links the neglect of advice to a future fall in take-up of pensions and a &#34misbuying scandal&#34.

Lee says: &#34Without a change in focus from the Government and an encouragement of professional financial advice there will be a lower uptake of pensions and a misbuying scandal within the next five years.&#34


Skipton posts record 8 per cent profit rise

Skipton has posted record results with pre-tax profits up 8 per cent to £40.1m.Group gross mortgage lending was up 22 per cent to £842.7m and assets increased 16 per cent to £4,377m. Skipton chief executive John Goodfellow says: &#34The market within which we operate is becoming ever more competitive and this is reflected in the […]

Lambeth launches affinity account with QPR

Lambeth Building Society has teamed up with Queen&#39s Park Rangers to launch a savings account targeted at the football club&#39s supporters.Lambeth Simply Postal, the by-post arm of the building society, launched the Queen&#39s Park Rangers Savings Account at the club&#39s game against Watford last week.Lambeth claims the account offers a higher rate than other football […]

Egg revamps online banking service

Egg is revamping the online service it provides its customers.The service will provide customers with up-to-date information about their savings accounts and will allow them to transfer money to and from other accounts.The site has had 300,000 visitors since its launch in mid October.

Autif says last quarter of last Pep season off to &#39flying start&#39

The Association of Unit Trusts and Investment Funds says that the final quarter of the last ever Pep season has got off to a flying start.Total gross Pep sales are up 14 per cent up to £302.9m in January from £266.5m for last year. Pep sales through intermediaries make up 33 per cent of sales […]


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