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Consumers&#39 Association head McKechnie dies

Consumers&#39 Association director Dame Sheila McKechnie has died of cancer after a long period of illness. McKechnie, who died at the
age of 55, had lived with cancer since 1997.

She joined the Consumers&#39 Association in 1995 after a nine-year spell as director of housing charity Shelter. In 2001 she was made president of the European umbrella consumer body BEUC. She was awarded an OBE in 1995 for her services to housing and homelessness and made a Dame in 2001 for her work on behalf of consumers.


FSA likely to be in talks with other life offices says AKG

Consultant and Actuary group AKG says Standard Life is only one of the first insurers to find themselves in discussions with the FSA over solvency this year as a result of the new reporting regime, but many more will follow. The comment follows an FSA statement that it is in talks with Standard Life about […]

£675k penalty for Friends over endowment failures

The FSA has fined Friends Provident £675,000 for systemic failures in the handling of its mortgage endowment complaints.A visit to Friends&#39 offices by the FSA revealed that the company&#39s mortgage endowment process was using procedures that were biased against customers.The regulator says that, out of a total of 21,788 complaints processed, about 5,500 customers had […]

Prudence bond rate is held at 3.25%

The Prudential looks to be halting the slide of its annual bonus rates, announcing that it is to maintain the present rates on its Prudence bond.Last year, the annual bonus on the bond was 3.25 per cent. The bond now has 375,000 investors. The Pru say that in current market conditions, there is no need […]

Christows put ETFs in funds of funds

Christows has converted three offshore funds of investment trusts to onshore funds of funds that invest mainly in exchange traded funds (ETFs). David Franklin managed the three offshore funds and will now run the onshore funds, which are aimed at the IFA market. As well as ETFs, Franklin will also hold investment funds and quoted […]


Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.


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