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Britannic merges marketing arms

Britannic Assurance is merging its marketing and business development teams in a bid to improve customer relations.

The integrated teams will be led by new head of marketing David Newman. He was previously national marketing manager.

The move follows the life office&#39s launch into the IFA market and the development of a new website earlier this year for distributing products.

Newman says: “With the development of our new distribution channels it is essential that our marketing activities are tightly co-ordinated to develop a consistent customer relations strategy.”


Commission not to blame for endowment crisis says ABI

Large commissions paid on sales of endowment policies are not to blame for the expected shortfalls faced by homeowners when it comes to repaying their loans says the Financial Times.The report says that advisers have been warned by the Association of British Insurers that based on current investment returns many low-cost endowment policies will not […]

Bristol & West launches fixed rate bond range

Bristol & West has launched four fixed savings bonds, paying up to7.30 per cent over terms of between six months and three years.There are two Direct Savings Bonds over six months and one year operated by post and two Easy Life Bonds over two and three years available through Bristol & West branches.All feature a […]

Pensions Management Institute fears defined benefit schemes could be sidelined

The Pensions Management Institute fears the proposed tax changes to pensions will marginalise defined benefit schemes.It is warning that unless concurrent membership is allowed, the proposed tax changes will erect a barrier between stakeholder pensions and DB schemes.To overcome this, the PMI says a way must be found to let members of defined contribution and […]

Bank of England announces 0.25 per cent rate rise

The Council of Mortgage Lenders has welcomed the announcement by the Bank of England today that interest rates will only rise by 0.25 per cent.CML director general Michael Coogan believes the move should not dent the healthy housing market although it may help dampen down local &#39hot spots&#39.He says: &#34The CML has been anticipating that […]


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