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Chief executive quits Preferred Mortgages

Preferred Mortgages chief executive David Cameron-Moore has quit to consider other opportunities within the financial services sector. IMCC International president Dennis Pitocco, who is a board director at Preferred, takes over until a replacement is found.

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Meals on wheels pay off for Wesleyan

Wesleyan Financial Services is using the meals-on-wheels service, doctors&#39 surgeries and the Post Office to track down victims of personal pension misselling. The steps will enable the company to review almost all its 1,700 cases by its deadline of December 31. Wesleyan paid out almost £10.5m in compensation by the end of November, an average […]

Offices will pay out £100m to aid IFA review

Life offices are to stump up £100m to bail out IFAs struggling with the pension misselling review in a deal brokered by the ABI. Thirty IFA life offices have set up a new company, Pensions Advisors Support Systems, which will have two subsidiaries. PASS (Bureau) will draw up a guide explaining processes and standards to […]

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