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Equitable chief calls on Parliamentary Ombudsman to re-open inquiry

Equitable Life chairman Vanni Treves today called on the Parliamentary Ombudsman to reopen an inquiry into the stricken society saying she must now investigate regulatory maladministration.

Speaking at the society&#39s annual meeting in London, Treves described Lord Penrose&#39s report as a “litany of failure by the regulatory regime and former management.”

Treves said: “The moral case for an investigation is compelling. Penrose has provided Ann Abraham with the necessary ammunition and she must now fire the starting gun for a new enquiry to begin. I am confident she will reopen and that she now represents the best chance for compensation.”


Positive Solutions to stay outside new group

Newcastle-based national IFA Positive Solutions will not be incorporated into Aegon UK&#39s Origen cluster of advisers but its relationship with Aegon remains amicable. Aegon, which has a 60 per cent majority stake in Positive Solutions, decided to exclude it from the shake-up as it says its style would be unsuitable for this type of programme. […]

Amber HomeLoans – Medium Adverse Full Status Discount

Type: Discounted rate adverse credit mortgage Discount: 1.75% Discounted term: Until July 31, 2006 Payable rate: 5.34% Minimum loan: £25,000 Maximum loan: Up to 85% of valuation subject to a maximum of £500,000 Income multiples: Up to 3.5 times principal income plus second or 2.75 times joint Conditions: Capital repayments of up to 10% a […]

Simon Tyler to launch mass market mortgage intermediary

Chase de Vere Mortgage Management owner and managing director Simon Tyler has announced plans to launch a new mass market mortgage intermediary business. He believes there is a significant new customer base emerging of mid-market borrowers across the UK who value the service of an intermediary but want a simpler service with rapid execution. The […]

Positive steps

Traditionally, when a protection provider receives a valid life insurance claim, they pay a cash benefit to the family of the deceased. The aim is to help to solve any financial problems caused by the death. But cash is usually all that the cover provides. Critical-illness products pay a cash amount to help solve any […]


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