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Close Bros ponders mortgage move

Close Brothers could confirm a launch into the mortgage lending market by the end of January after completing an internal review.

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CII plans to shut its DB plan due to 8m deficit

The Chartered Insurance Institute is set to close its final-salary pension scheme to existing members after calculating its scheme has an 8m deficit. The move follows FTSE 100 firm Rentokil closing its final-salary scheme to existing members to curb its pension liabilities. The Co-operative is also switching its final-salary scheme to an average-salary system. The […]

CII reveals rapid take up of Chartered status

Industry support for the CIIs new Chartered Financial Planner title has been overwhelming with 539 people being awarded the title within the first month of its availability.At the end of November the CII wrote to 880 members who met the qualifications criteria and invited them to apply for the new title. To date over 61 […]

Virgin Money launches new cancer cover protection product

Virgin Money is launching a cancer-only protection product, to be administered by Scottish Widows.Money Marketing reported the planned launch last February, which was denied by Virgin Money. The new product, to be called The Big V, is not a critical illness policy, and will run a severity-based approach to cover. Virgin says it will be […]

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