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Canada Life launches employee assistance programme

The group insurance division of Canada Life launches its employee assistance programme service.

The package, provided by ICAS, will be offered to existing clients as an extension of the group income protection scheme as well as new business clients.

The EAP package offers a confidential and unlimited personal support service staffed by qualified counsellors, up to six face to face counselling sessions and access to Life Management resource services.
The latter option is an information source with practical guidance on a wide range of childcare, educational and disability issues.

Group insurance managing director Dave Johnston says: “Most companies are aware of how important it is to retain staff members and maintain highest levels of productivity. By offering organisations the option to enhance their employee benefits programmes through the addition of EAP, we are providing them with a tool to help them achieve this goes.”


Bear Stearns receives 40,000 FSA fine

The FSA is fining Bear Stearns International 40,000 for failing to report contracts for differences transactions. During a review of trading, the FSA discovered that BSIL had inadvertently failed to report any of its CFD transactions to the FSA since August 2001, which is when the firm began to undertake CFD business. The FSA says: […]

NU reduces interest rate on its fixed rate lifetime mortgage

Norwich Union is reducing the interest rate on its fixed rate lifetime mortgage. The fixed interest rate for lifetime mortgages introduced by intermediaries will be 6.30 per cent with the overall cost for comparison at 6.8 per cent APR. Norwich Union will also be increasing commission rates for intermediaries who write equity release business by […]

Keydata income plan will invest in insurance policies

Keydata is offering a secure income bond which aims to pay 7.5 per cent annual income over five years without relying on equities. The fund will invest in a mix of cash and insurance contracts. It is designed to appeal to income investors who are put off by the perceived risk of investing in equities […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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