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Equitable Life launches internet policy tracking service for clients

Equitable Life has launched the first system in the UK allowing individual policyholders to track their investments on the internet.

Clients will be able to use the on-line service to constantly monitor the value of their policies and take care of all their administration, such as switching funds and notifying changes in address.

Equitable Life senior manager Nigel Webb says: &#34Clients want and need regular updates on their investments and making phonecalls and writing letters is time consuming. Because we have invested £70m in our computer technology, we have a state-of-the-art system which we would like our policyholders to benefit from.&#34

The 7-days-a-week service will be made available to 500,000 policyholders by the end of November.


Gartmore streamlines unit trust range

Gartmore is to take advantage of the Government&#39s stamp duty exemption period to streamline its retail unit trust range.Gartmore was bought by NatWest in April 1996 and plans to amalgamate certain funds, re-name others, introduce accumulation units and standardise the charging structure.The proposals will reduce the number of retail unit trusts from 35 to 28 […]

ACCA opposes reform proposals for final salary scheme accounting

The Association of Chartered Certified Accountants has dismissed some of the proposed reforms to final salary pension scheme accounting principles as unnecessary.ACCA expressed surprise that an Accountancy Standards Board discussion paper put forward the &#39immediate recognition option&#39 in the critical area of actuarial gains and losses.ACCA believes that gains and losses should be spread throughout […]

Norwich Union to buy London & Edinburgh for £315m

Norwich Union is to buy London & Edinburgh for £315m in a bid to become the UK&#39s biggest general insurer in the intermediary market.The takeover will create the third biggest general insurer in the IFA market. But Norwich Union aims to become the top player within five years.The London & Edinburgh name is expected to […]

Kent Reliance cuts mortgage rate but maintains savings rate

Kent Reliance Building Society has eased consumer interest rate fears by dropping their mortgage base rate by 0.6 per cent to 7.9 per cent.Investors will not suffer from an immediate cut because investment rates will be held until January 1 1999.Kent&#39s managing director Ian Robertson says: &#34We are passing to the consumer the benefits of […]

State of the markets: global growth

In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]


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