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Carpetbagging RIP, says pressure group

Carpetbagging is dead, says a leading demutualisation organisation which claims it will no longer throw its weight behind moves to force building societies to convert into banks., a web-based pressure group which helps building society customers seeking windfalls, says it will no longer put members’ conversion resolutions to mutuals and will not support anyone else hoping to do so.

It says Nationwide’s decision to throw out demutualisation proposals in April effectively signalled the end for carpetbaggers.


I don&#39t believe it!

If Victor Meldrew were an IFA and read Lorna Bourke&#39s article aboutstakeholder commission (Money Marketing, July 19), he would have said thesame thing I did. I can summarise what most IFAs must feel in three points: 1. We are now being told that even commission in the 1 per cent world isexcessive. 2. Lorna obviously […]

Eagle Star swoops on with-profits

Eagle Star has introduced a unitised with-profits bond that offers investors the choice of three charging options.The bond aims for income and growth by investing in a range of 12 unit-linked funds that include UK equity, European, North American, with-profits and property funds. It has a current annual bonus rate of 5.25 per cent and […]

Sandler review to probe structure of IFA market

The Sandler review has questioned the fundamental structure of the IFA market in the UK in a consultation document published today.The document, a review of medium and long term retail savings, will form the basis for the Sandler review, conducted by former Lloyds of London chief executive Ron Sandler.The document poses a series of questions […]

Zurich Financial Services appoints new managing director

Zurich Financial Services has appointed Jim Reeve as the new managing director of Zifa, succeeding Jerry Grayburn who retired in April this year.Reeve was previously Zifa marketing director and has been with the Zurich group for 22 years. He is a former Eagle Star IFA sales and marketing director. Reeve has pledged to continue growing […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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