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Bank of Scotland appoints third party fund administrators

The Bank of Scotland has appointed specialist third party fund administrators Mellon Fund Administration to run its Open ended investment company.

Mellon will be responsible for dealing, registration and fund accounting for the new &#39Investors Club&#39 Oeic launched by the bank on March 1.

The administrators will also be responsible for the Bank Of Scotland Isa.

The launch is the culmination of an ongoing development process with which Mellon has assisted the bank with since 1998.


ABI issues statement of best practice for critical illness

The Association of British Insurers has issued a &#39Statement of Best Practice for Critical Illness Cover&#39.The statement, produced by the ABI&#39s critical illness working party, is designed to provide clearer product information and enable easier comparison between policies for both insurers and intermediaries.The statement has been prepared taking into account the views of product providers […]

AEEU &#39stakeholder&#39 pension to receive its first contributions

The pseudo &#39stakeholder&#39 pension scheme set up by the Amalgamated Engineering and Electrical Union is to receive it first contributions.Manchester-based coatings company Northpoint has announced it will join the scheme in July. The company will contribute £40 a month per employee, while employees are expected to contribute £20 a month.The AEEU scheme is open to […]


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