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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 […]

Cochrane fights against Fimbra winding up

IFA Compliance boss Brian Cochrane has begun a campaign to get IFAs to vote against plans to dismantle Fimbra next month. He is asking IFAs to send their voting slips to him so that he can present strong opposition to the plans at the AGM on December 11. Write to: 14 Union Road, Camelon, Falkirk, […]

The PIC of the bunch?

One of the greatest challenges facing the UK as the millennium approaches is support for its ageing population. It is already becoming clear that ensuring that individuals are self-sufficient in retirement is high on the Government&#39s agenda. Consumer surveys still show a worrying lack of knowledge regarding the question of post-retirement provision and, more worryingly, […]

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