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Emag voices concerns about compromise deal

The Equitable Members Action Group has renewed its call for more information about Equitable Life&#39s financial position.

The call comes as the life office puts forwards its proposals for a compromise deal for members. Emag is seeking information on the fund&#39s current value and recent performance and details of who has left between July 16 and September 30 this year.

Emag says that to expect members to wait until the issuing of the voting pack in November and then to receive only interim half year accounts for the year to June is unacceptable.


Wood to run networks in Misys shuffle

Tony Wood is taking over as network director for Countrywide and Kestrel, with Max Wright promoted within the Misys organisation.Wright is taking up a business development role at Misys IFA Services.In his new role, Wood will report to Misys IFA Services chief executive Patrick Gale. He joined Misys in March last year from Zifa, where […]

Housing market to slow

UK house price rises could slow if last week&#39s attacks on the US knock consumer confidence there, mortgage lenders are warning.Top economists at Halifax and Nationwide say the atrocity in New York could put the brakes on domestic house prices if US consumer confidence falls, despite interest rate cuts by the Federal Reserve.The warning comes […]

Another Towry man for Wentworth

IFA retirement specialist firm Wentworth Rose has appointed Malcolm Thomas as head of pensions, the second recruit from Towry Law in the last month. Thomas joined Hogg Robinson in 1994 and moved to Towry last year as sales manager leading its retirement advice teams. Towry is requiring board director Tudor Taylor to honour his contract […]

FSA in row over RPB trail cash

The FSA has angered IFAs by telling providers to continue paying trail commission to professional firms such as accountants and solicitors after N2 even if they are no longer authorised by the regulator.A circular seen by Money Marketing from the ABI to its members states: “The FSA has clarified that product provider firms are not […]


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