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Chancellor to chair private meeting with BoE and FSA over Northern Rock

The Chancellor is chairing a meeting of representatives today from the Bank of England and the Financial Services Authority to assess the current situation at Northern Rock.

Bank of England Governor Mervyn King and an FSA representative will meet with Alastair Darling in a private meeting about the bank.

A Treasury spokesperson says: “I can confirm that there will be a meeting but as it’s a private meeting we can’t give out any information or comment on what’s happening.”

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Poll finds public perplexed over protection costs

Consumers believe that the cost of protection products is the main reason that people do not take out cover, according to Aegon Scottish Equitable research.The company asked 1,300 people why British consumers do not have enough financial protection.Nearly 40 per cent say protection is too expensive while over 20 per cent believe that the public’s […]

FSSC widens scope of training accreditation

The Financial Services Skills Council’s Accreditation board of Training Excellence for Providers is allowing a wider range of evidence to be submitted so that trainers can demonstrate their expertise and gain accreditation.The scheme is designed to demonstrate that training by accredited providers will add real value to their customers. The accreditation process involves audits for […]

Carby confirmed as new Openwork CEO

Foster Denovo’s founding executive chairman Keith Carby has been appointed as new chief executive of Openwork, replacing Stephen Leaman from October 15. Carby began his financial services career with Hambro Life (later becoming Allied Dunbar) in 1981 where he progressed to sales director and then managing director.From Dunbar, he then co-founded J Rothschild Assurance in […]

Six questions for providers

The protection gap will only close if product providers commit at least 10 times more cash to educating consumers, says Lifesearch managing director Tom Baigrie.Baigrie also challenged providers to answer six questions on the marketplace.He said providers spend less than 3 per cent of their turnover on communicating directly with consumers but they should be […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

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