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CII bans candidate over exam cheating

A Chartered Insurance Institute examination candidate who sneaked in notes written on a handkerchief has been banned from taking any CII exams until October 2000. Pauline Jennifer Wood was disciplined after admitting the attempted cheat. The CII disciplinary committee also found Atul Patel guilty of changing a certificate to indicate a pass had been obtained in FPC2 when the CII&#39s records showed he had not passed.

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Towry Law names Black as chief exec

Towry Law announced at its annual general meeting last week that Douglas Black is to become permanent chief executive. Black was brought in on a rolling 40-day contract when former boss Alan Wesley stood down in September after 23 years with the company.

M & G Peps smooth transition to ISAs

M&G is creating a range of Peps it claims will pave the way for the switch to Individual Savings Accounts next year. The new Fundamentals range incorporates three existing M&G Pep funds – the corporate-bond Pep fund, the blue-chip Pep fund and the managed income Pep fund. M&G will also be launching an index-tracker Pep […]

For hands that dish out fines….

So the PIA is to clean up all those non-pri ority cases and land the indus try with a bill of anything up to £11bn for the pension misselling scandal. Ouch. We should have known that “Operation Clean Hands” was on the cards by the fact that the PIA seems to have linked up with […]

Exeter cuts Pep initial charges

Exeter Fund Managers is offering a 1.5 per cent discount on the initial charges for its two Pep portfolio funds. The initial charge has been cut to 3.5 per cent from 5 per cent for the Chameleon Income Portfolio and the Chameleon growth fund until May 29. An annual charge of between 1.25 and 1.5 […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]

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