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Business confidence down

Business confidence amongst financial services firms suffered its biggest fall for two years in the last quarter, according to a survey by Confederation of British Industry and PricewaterhouseCooper.

The survey shows 35 per cent of respondents were less optimistic than three months ago, while 13 per cent were more optimistic, giving a balance of minus 22 per cent, compared with plus two per cent in December 2000.

Internet business is developing across the industry, with 42 per cent of firms saying the total value of internet business increased over the last three months, compared with 27 per cent in December 2000.


Mentor Corp targets IFAs

Mentor Corporation is rolling-out its business services to IFAs. The firm which provides corporate structuring, business risk assessment audits and employee benefit management is targeting IFAs in corporate and high-net-worth markets. Mentor also offers products to assist small to medium size IFA firms with health and safety, director and officer liability coverage, employee assistance programmes, […]

Ombudsman to tackle &#39inadequate&#39 payouts to borrowers

The Financial Ombudsman Service is scrapping the way that complaints over mortgage payment miscalculations are handled amid fears that lenders are failing to compensate borrowers adequately. Compensation guidelines issued by the Building Societies Ombudsman Scheme and Banking Ombudsman Scheme are being suspended following a rise in the number of cases where lenders have calculated mortgage […]

Fund firms reveal big downturn in Isa sales

An unprecedented number of fund firms have released their Isa season sales figures early, putting an end to the speculation of the past few weeks. The figures confirm most of the industry&#39s fears, with many providers suffering substantial losses on last year. Jupiter and Merrill Lynch were among the worst hit, with sales down by […]

Opra website directs employers to providers

Opra is encouraging employers to find out whether they have to offer stakeholder pensions to their employees by using the on-line decision tree at the Opra website.The site also offers a full list of registered stakeholder schemes, contact details and links to the providers&#39 websites. Opra has also set up a telephone helpdesk for employers […]


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