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Brunel Franklin resigns from Claims Standards Council

Claims management company Brunel Franklin has resigned from the trade body the Claims Standards Council as it develops a claims firms code of practice.

The claims firm says it will not be renewing its annual membership for the CSC, which represents the claims management industry.

Brunel Franklin is currently working with other claims firms on an industry initiative to be launched soon which will look to encourage best practice within the sector.

Brunel Franklin managing director Sally Bowyer says: “For some time we have been working in partnership with a select group of respected and professional financial claims management companies to put together a voluntary code of practice.We will be making an announcement shortly about a new initiative that actively encourages best practice for professional financial claims management companies.

“Brunel Franklin and its like-minded partners remain totally committed to best practice and to promoting the highest level of ethics and professional conduct in the industry.”


Openwork looks to launch new national proposition

Openwork is looking to launch a new national arm in the next 12 months. In an interview with this week’s Money Marketing, new chief executive Mary-Anne McIntyre says the as yet unbranded proposition will complement its IFA national arm 2Plan Wealth Management and its multi-tied and single-tied network offering, branded under the Openwork banner. McIntyre […]

Legg Mason looks to the US for income

Legg Mason is adding to its retail range with a US equity income fund managed by New York-based ClearBridge Advisors. The fund is set for launch in mid-October and will mirror the £2.5bn strategy offering already available to investors in the US. ClearBridge Advisors is Legg Mason’s biggest US equity subsidiary, with £36bn of assets. […]

14% Of funds now on Bestinvest’s dog list

Nearly one in seven retail equity onshore funds are underperforming as the overall value of assets in dog funds leaps by 74 per cent to £23.1bn, according to Bestinvest’s latest Spot the Dog list. The list shows 94 of the 682 funds, or almost 14 per cent, have failed to beat their benchmark index in […]

Does the Australian superannuation model signal UK opportunities?

If automatic enrolment takes off in the UK in anywhere approaching the manner the superannuation system has in Australia, the prize for those that get it right will be immense. Just how big a prize was made clear to me at a recent lunch I attended where Senator Nick Sherry, Australia’s key pension minister, talked […]

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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