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Banking Codes Review Group team announced

More members of the Banking Codes Review Group, set up following the publication of the Cruickshank Report earlier this year, have been announced.

The Group will be headed by DeAnne Julius, a full time independent member of the Monetary Policy Committee, who will be joined by Michelle Childs, Consumers&#39 Association, Adrian Coles, Building Societies Association, Janet Connors, Abbey National, Gerard Lemos, Banking Code Standards Board and Mortgage Code Compliance Board, Stan Mendham, Forum for Private Business, Brian Morris, British Bankers&#39 Association , Teresa Perchard, National Association of Citizens Advice Bureaux and Neil Simpson of Financial Mail on Sunday.

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Zifa mortgage business up 50 per cent

Zifa announces it has doubled its mortgage introduction business this year to £600m from £300m in 1999. The latest CML figures indicate there has been a decline in mortgage business over the last quarter but this doesn&#39t seem to have affected Zifa. This is the second year, Zifa has been active in the mortgage introduction […]

IFA sets up Equitable crisis line

Alexander Forbes Financial Services, providers of advice on employee benefits, has set-up a crisis phoneline following the decision by Equitable Life to close to new business. The helpline is designed particulary for trustees and employers of schemes with 20 to 1000 members in small to medium size companies. They will be able to arrange a […]

Futureproof management charges set

Clerical Medical has unveiled a standard 1 per cent annual management charge across its new Futureproof range of individual pension plans. From the new year, the range will offer a 1 per cent charge on pre-stakeholderstyle personal pensions, free-standing additional voluntary contributions and executive pension plans. The move responds to market forces bringing all pre-retirement […]

Woolwich shakes up IFA management

The Woolwich has announced a new management structure for its IFA operations, Woolwich Independent Financial Advisory Services and Sedgwick Independent Financial Consultants. Dawn Johnson becomes Woolwich director, IFA operations. Johnson was previously managing director of Woolwich Independent Financial Advisory Services. Chris Regan will fill Johnson&#39s former role. Regan was previously operations director of Woolwich Independent […]

Frexit & contagion risk in Europe

Rob Burnett, Head of European equities at Neptune Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Is this likely and what is the mechanism for this to happen, asks Rob Burnett, Manager of the Neptune European Opportunities Fund. Read more: https://www.realworldinvestors.com/Posts/Read/1371/Frexit_and_contagion_risk_in_Europe […]

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