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CETA appoints new director of operations

General insurance network Central Electronic Trading Agency is appointing Sandie Schofield as director of operations.

The newly created post has been created by CETA in response to increased business levels. Schofield, who joined CETA in 1995, will be responsible fo building relations with insurers and CETA&#39s network of agents.


Virgin wants lighter regulation for Catmarked products

Virgin Direct is proposing a less stringent regulatory regime for Catmarked products as part of its response to the Sandler and FSA polarisation reviews.It is proposing that companies offering Cat-standard products should benefit from a lighter regulatory touch.It also argues for Catmarked products to be given tax breaks as a further carrot to the promotion […]

IFAs confident in mortgage market

Confidence in the mortgage market among financial advisers and their clients continued to rise during the summer months, according to Paragon Mortgages. The lender’s financial adviser confidence tracking index for the third quarter rose to 116.4 from 113.6 in the previous quarter, its highest level since 1997. Paragon says its findings show borrowers are currently […]

A busy year ahead for the FSA

As N2 approaches, the industry is wondering aloud what this monolithic creation it is paying for will do to keep itself busy once its birthday celebrations are over.After all, FSA spokespersons are constantly espousing the new attitude towards regulation they plan to adopt which will see fewer company visits and a less prescriptive approach to […]

Gerrard Investment Funds to merge with Old Mutual Asset Managers

Old Mutual is to merge Gerrard Investment Funds with Old Mutual Asset Managers.The combined operation will operate under the Omam name and will be run by current Omam chief executive John Ainsworth.The Gerrard brand will remain only for Old Mutual’s private client services, charities and smaller pension funds.Old Mutual Financial Services chief executive Edmond Warner […]


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