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Business up by 24% at Swiss Life

New business at Swiss Life rose by 24 per cent to £53m last year from £42m in 2001. The company says that during last year it enjoyed substantial growth in both critical-illness cover and income protection sales. Managing director Brian Hurd says the fact that IFAs have stuck with Swiss Life as it searches for a new parent company is testimony to its strong market position.

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Gartmore strengthens investment team

Fund manager Gartmore has announced a series of appointments within its investment division, aimed at strengthening its senior team. Roger Bartley is to become global chief investment officer fixed income, adding this to his existing responsibilities as fixed income CIO in London. Young Chin has been appointed as global chief investment officer equities for Gartmore […]

TMB boosts packagers to 150

HBOS specialist lending subsidiary The Mortgage Business has increased the number of packagers it uses to do business by 39 per cent to 150 from 108 between 2001 and 2002. It says packaged business now accounts for 65 per cent of its total lending, up from 3 per cent in 1997. TMB&#39s net mortgage advanced […]

FSA relents on fund firms&#39 performance advertising

Past performance would be allowed to be the dominant feature in fund advertising but only in an FSA-standardised format, according to draft FSA proposals seen by Money Marketing.Ads would not be allowed to use sums of money invested to illustrate returns because the FSA feels consumers would pay too much attention to them.FSA plans to […]

Inside Edge

Investing in a quality IFA firm is a means of securing long-term return for the overall group, not about buying short-term sales.Over the last 12 months we have seen a number of providers investing in IFAs. Critics have dismissed this trend as insurers rushing to “buy business” and secure guarantees of increased sales of their […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.

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