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Clerical Medical appoints two for product development

Clerical Medical is appointing Mike Stirrup as product development manager and Nick Cooper as manager for individual pensions. Stirrup was formally head of investment development at AXA Sun Life. Cooper was previously at Norwich Union where he was pensions marketing manager.

Stirrup will be responsible for developing the market for investment products, while Cooper will focus on identifying opportunities in the Individual Pensions Market.

Clerical Medical head of product development Dave Whitaker says: “I am delighted to welcome two such experienced professionals to the team.”


Portman revamps loan range as rate rises are forecast

Portman Building Society is raising the rates on its range of fixedmortgages as it believes interest rates will rise over the coming months. Its fixed-rate loans start with a product fixed at 3.99 per cent untilAugust 2003, up from 3.49 per cent, with a facility to repay up to 5 percent of the capital borrowed […]

Ilag appoints new chairman

The Insurance & Life Assurance Group has appointed Bill Tonks as its chairman for 2001-2002. Tonks has spent the last 10 years working as a compliance officer for first Eagle Star and then Nationwide Building Society. He currently works for Nationwide as divisional director, risk management. Tonks will replace Phil Smallwood, who will continue to […]

Group may propose locking commission

An Aifa and ABI working group set up to thrash out agreed contractualterms bet-ween providers and IFAs may recommend that commission cannot bealtered on existing contracts without prior notice. The group, made up of IFAs and providers, is trying to create a standardset of terms of business and will aim to put its recommendations to […]

Policy Portfolio offering guide to aid Tep sales

Traded endowment policy market-maker Policy Portfolio is offering a freeguide to help IFAs explain the benefits of Teps to their clients. Policy Portfolio says Teps let IFAs provide clients with two distinctopportunities to make money. First, it says clients wanting to surrender with-profits endowmentpolicies may be able to get substantially more than the life officesurrender […]


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