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CIS offers to act as guinea pig for Saltr

CIS is offering to be a case study for product providers which are wary of the ABI&#39s Raising Standards initiative.

The life office is urging providers to sign up for the accreditation mark, believing it is the industry&#39s last opportunity for self-regulation before changes are forced on it by the Sandler and FSA reviews.

CIS is one of the few providers going for early Saltr accreditation and is willing to be seen as an example to others. It says it will open its doors to the industry to help them achieve accreditation.

The call comes after the FSA refused to include the Saltr mark on its comparative tables.

CIS has been lobbying the FSA to change its decision but believes more providers need to sign up to make a difference.

Spokeswoman Alison Richardson says: “With the Sandler and FSA reviews, Raising Standards is the last chance for the industry to self-regulate. Unless more companies come on board now, it is likely to be too late. We are happy to open our doors and share our experiences. CIS can be a case study.”

Norwich Union spokesman James Evans says: “Achieving accreditation is a huge job but we think the investment is worth it. Anything that helps other companies achieve it can only be a good thing.”


Swiss Life appoints Hurd as personal finance director

Swiss Life has announced the appointment of Brian Hurd as director of its personal finance business unit. Hurd, who comes from Norwich Union, will be responsible for the development of the provider&#39s individual protection portfolio. Swiss Life says the appointment is a key hire in its drive to take the individual side of the company […]

IFAs slam fund managers for suspending trading in wake of New York explosions

Fund managers are being slammed for their decision to suspend trading in response to the market uncertainty cr eated by yesterday&#39s terrorist attacks on the New York financial district.IFAs are accusing fund managers of degrading the value of unit trusts as compared with direct equity investments as scores of fund managers suspend trading. Fund managers […]

RSA Investments – RSA European Prime Fund

Tuesday, 11 September 2001.Type: Oeic. Aim: Growth by investing in 30 pan European equities.Minimum investment: Lump sum £1,000, monthly £50.Investment split: 100 per cent pan European equities.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 0845 7413673. 

Compass pointing income protection plan at employees

Critical-illness specialist Compass Underwriting is offering an income protection plan covering full-time employees against unemployment, injury and sickness. The plan, which is also open to the self-employed, company directors and shareholders, is available on a fixed five-year term or monthly renewable basis. It carries an initial unemployment exclusion period of 60 days, followed by a […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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