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Consumers&#39 Group applauds NatWest

The Consumers&#39 Association is applauding the decision by Natwest to drop direct charges on their cash machines.

The high street bank announced last week that they will not charge non-members fees for using their machines. They also say customers will not have disloyalty fees levied against them for using other bank&#39s cash machines.

NatWest&#39s decision is the latest in a long line to join its competitors in not charging fees. Abbey National also announced last week it is lobbying for no cash machine fees to be charged at all.

Consumers&#39 Association senior public affairs officer Louise Hanson says: “This is a major victory for consumers as one of the big four banks agrees to drop charges for ATM withdrawals. Consumer&#39s Association has always campaigned against bank&#39s plans to introduce direct charges for ATM transactions as we see them as anti-competitive and anti-consumer.”


Knox-Johnston in the running for IFAP chief executive

Consultant Richard Knox-Johnston is being touted as the next possible chief executive of IFA Promotion following the resignation of Anne- Marie Martyn.Knox-Johnston, a former Allied Dunbar and Lincoln salesman, was instrumentalin setting up Aifa as project manager. He has also recently been involved in the consultation process for Saltr, putting forward IFAs&#39 views.He says he […]

Portillo keeps his cards close

The annual general meeting of the Centre for Policy Studies is a grandaffair. The great and the good turn up to salute a thinktank that has beenat the heart of Conservative thinking for 25 years. The guest speaker has agilt-edged opportunity to lay out fresh Tory thinking and to be guaranteedextensive media coverage.So why did […]

Boost for Canada Life annuity deal

Canada Life says it has provided quotes on almost £100m-worth of business in the first two weeks of itsnew annuity product.The company says IFAs and personal pension policyholders have shown massive interest in its annuity growth account, which allows annuitants to take an income via a drawdown arrangement.A key feature is the potential to defer […]

Aifa ready for white-labelling talks

Aifa is bracing itself for a move towards white labelling with the imminent publication of an FSA-commissioned study on polarisation.Aifa director general Paul Smee calls it the “least worst way forward” in a news flash which went out to members on June 22.White labelling would allow tied salespeople of one company to offer a product […]


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