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CGU cuts term rates

CGU LIfe is cutting its term assurance rates with effect from August 2.

The rate cut to its level term and mortgage protection rates follows a review to ensure they are kept as low as possible.

CGU IFA marketing and strategy manager John Enos says: &#34These latest reductions in our level term and mortgage protection rates secure our position as a major protection provider and ensure that we remain competitive in key areas of the protection market.

&#34The changes demonstrate our commitment to give top value for money to IFAs and their customers.&#34


Large mutuals to go within two years

The large mutual insurance company is set to become a thing of the past according to a report by market analysts&#39 Datamonitor.It claims the remaining major mutual life companies, with the exception of Standard Life will all give up their mutual status within the next two years.Datamonitor says this will come about as the mutuals […]

London house prices to soar

House prices in London could soar by 26 per cent over the next two years according to a report by the Centre for Economics and Business Research.The report says the buoyant housing market is being fuelled by the booming economy and rising salaries.In 1998 the CEBR predicted prices would rise by 40 per cent before […]

IFAA to wind up after law pledge

The curtain will fall on the IFA Association next month after a turbulentfive years of existence.IFAA board members have decided to recommend the winding up of theassociation after receiving guarantees of financial support to fightpotential law suits from unhappy former members.The disbanding of the IFAA, necessary to funnel its 2,600 members into thenew Association of […]

Building Societies toast victory

Building societies are toasting victory in the wake of a Treasury Select Committee report which could dramatically increase the strength of the mutual sector and prevent further conversions.The committee&#39s demutualisation report is recommending the 1986 Building Societies Act should be amended to increase the number of borrowers required to push through a conversion vote to […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


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