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DTI looks at financial services outsourcing

Minister for trade and industry Patricia Hewitt has announced that her department will be looking closely at the number of financial services jobs likely to be transferred to India over the next 12 months as part of its investigation into outsourcing.

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First State sees in Chinese New Year with fund deal

First State Investments is kicking off the Chinese New Year by offering a 0.5 per cent discount on entry fees into its Greater China growth fund. The initial cha-rge on the fund, which laun-ched in December, will be 3.5 per cent until April 5. Framlington is cutting by 1 per cent off the 5 per […]

AITC calling for levy to fund financial education

The Association of Investment Trust Companies is calling for a levy on product providers to fund personal finance education for consumers. Supporting the Personal Finance Education Group&#39s Excellence & Access project, the AITC says if significant progress is to be made in extending the public&#39s financial capability, funding of the initiative needs to be boldly […]

Pru picks distribution chief

Prudential business-to-business distribution director Andy Briggs is heading all intermediated UK distribution following distribution director Nick Smith&#39s departure. Briggs, who will continue as director of BTB distribution, took up his new position last week. Having joined the Pru 16 years ago, Briggs starting out as a pensions actuary. He later moved into marketing, becoming strategic […]

&#39PI firms don&#39t understand FOS&#39s conciliatory nature&#39

Professional indemnity insurers&#39 lack of understan-ding of the conciliatory nat-ure of the Financial Ombudsman makes it difficult to solve complaints without apportioning blame, according to FOS head of communications David Cresswell. He says PI firms&#39 interference in trying to cover any exposure that IFA cli-ents may have to misselling claims makes it difficult for the […]

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