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Bolt from the blue

As you know, Money Marketing was robbed in the Skandia Cowes Week boating race, coming in last out of all the media teams.

However, we have since learned from skipper and Skandia actuary Russell Farr-ington that he won the five following races in the same MM boat.

Unfortunately for Russell, he was struck by lightning while standing underneath the boat&#39s sail and was miraculously saved by his rubber boating boots. Does the MM editor have the power to send bolts of lightning through the skies in revenge? Be afraid, be very afraid.


Exam could cut PI costs

The Financial Services Skills Council is piloting a new exam testing the application of technical skills in the workplace which could reduce PI insurance premiums for advisers. The qualification being tested covers the practical requirements of giving advice, for example, building rapport, fact-finding, analysing information and prioritising the customer&#39s needs. The pilot has £600,000 of […]

Widows reshuffle recognises role of corporate pensions

Scottish Widows has made two key changes to its sales division with the appointment of a market director for corporate pensions and the expansion of the role of sales director. Sales director Peter Hendry will take over IFA strategy development, IFA major account management and partnership development. These roles were previously held by Robert Wyllie, […]

IFA takes case to Europe over FSA memos

An IFA has accused regulators and the ombudsman of leaking secret internal documents in a conspiracy to have him struck off. David Williams has lodged a petition to the European Parliament claiming that the FSA and FOS swapped memos about the status of his business Tudor House Financial Services. Williams, who was the principal of […]

Bank keeps rates on hold

The Bank of England decided to keep interest rates on hold at 4.75 per cent. The decision to not raise the rate by another quarter per cent was widely expected. Nationwide Building Society said house prices moved by just 0.1 per cent in July, the smallest monthly increase since October.


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