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Baggers win the battle

Carpetbaggers won a famous victory at Nationwide last Wednesday night, but mutual watchers need not fret – it was all in a good cause.

The scene was a Nationwide quiz night for the press held at Madame Tussauds, where the winners were a team from The Independent called The Malevolent Carpetbaggers.

The Diary hears that Nationwide took the assault of the pseudo-carpetbaggers in its stride, and CEO Philip Williamson revealed that there had been no word so far from real-life carpetbagger Tim Tanner, who announced last year that he intended to stand for the board of the massive mutual.

Mind you, Tanner may have been deterred by the fact that his campaign material for election to the board of Portman in April has already cost him £10,000 in libel damages.


Smart move from WPA

WESTERN PROVIDENT ASSOCIATION Enterprise Smart-Start Type: Group private medical insurance plan Minimum-maximum ages: 18-65 Minimum premium: £220.02 a year Minimum group size: Three Maximum benefit: No maximum Cover provided: Inpatient and day patient cover for hospital treatment, specialists&#39 fees, diagnostic scans. Diagnostic tests, cancer care, outpatient treatment for cancer care, surgical procedures and pre-admission tests, […]


The Treasury and Inland Revenue could be accused of putting out fire with petrol in part of their latest attempt to address the savings ratio through the plan to make shareholders of the nation&#39s babes in arms – the Child Trust Fund. Any product provider wanting a piece of the CTF action has to accept […]

L&G cuts bonuses but posts positive results

Legal & General has moved in line with many of its rivals to cut bonuses as part of its 2003 bonus declaration.Annual bonuses on life policies have dropped by 0.25 per cent to 0.75 per cent of the sum assured and by half a per cent of the existing bonus to 1.25 per cent. Normal […]


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