View more on these topics

Eagle Star chief Leitch quits as Sane chairman

Prince Charles is considering his position as patron of mental health

charity Sane after Eagle Star chairman Sandy Leitch mysteriously resigned

as chairman.

Sane chief executive Marjorie Wallace says eight out of the 10 Sane

trustees asked Leitch to resign on the basis that he was not able to devote

enough time to the charity.

The Prince of Wales is apparently unhappy at the treatment meted out to

Leitch and has written to Sane to say he is considering his position.

Leitch&#39s departure comes less than a year into the post.

Zurich Financial Services, the umbrella company for Eagle Star,

Threadneedle, Allied Dunbar and Sterling, denies Leitch was ousted from

the board of Sane.

ZFS says Leitch&#39s decision was based purely on needing to put more hours

in at work and was made in the best interests of the charity.

Leitch, who is approaching the end of his tenure as chairman of the ABI,

told an audience last week of his vision to see the UK insurance industry

become the best in the world. He said it was necessary to become the

“champion of the customer” if this goal was to be reached.


Debtor&#39s prison

Flexible mortgages, the new flavour of the month, are being offered by somany lenders now that it is possible that about 25 per cent of allmortgages and remortgages are now “flexible”.That flexibility usually includes features such as the ability to takepayment holidays, the availability of extra borrowing above the initialmortgage amount secured on the property, […]

Accelerator loan sales tumble

Sales of accelerator mort- gages have plummeted since the Mortgage CodeCompliance Board claimed a year ago they were too expensive.Accelerator mortgages encourage customers to pay off their loans earlywith extra annual payments but borrowers can be hit with having to paythousands of pounds in fees.Since the MCCB made its claims in a report a year […]

Standard Life warns against windfall sizes

Standard Life has issued a warning to its 2.3m voting members that many of them will receive windfalls of hundreds not thousands of pounds if the company demutualises.Carpetbagger Fred Woollard who is leading the conversion campaign has been saying that policy holders stand to gain payments of £5,000 to £6,000.The warning from Standard Life is […]

Need for mortgage payment cover is stressed by lenders

The take-up of mortgage payment protection insurance is rising slightlybut is nowhere near the levels it needs to be, says the CML.It says the numbers buying MPPI is moving up slowly, with 17 per cent ofpeople with a mortgage taking out the policies in 1999 compared with 16.6per cent in 1998. But it says many […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


News and expert analysis straight to your inbox

Sign up


    Leave a comment