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Equitable QC moved policies before House of Lords judgment

The barrister representing Equitable Life policyholders in the House of Lords case over guarantees moved £700,000 of his own policies days before the judgment, according to media reports.

Jonathan Sumption QC moved the funds a week before the court decision although he did keep one non-pension policy with the stricken life insurer.

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Weakening rental sector sparks house price fears

Private sector rental inflation was just 4 per cent in the year up to September 2003, according to the first official figures published for the sector. Although rents have risen overall by 22 per cent in the last three years, there is concern that weakening of the rental market could hit property prices as the […]

Abbey slams rivals over &#39hidden&#39 wrap charges

Abbey has slammed other wrap providers, claiming that their charging structures are too difficult for consumers to understand. Abbey, which is cutting the minimum annual charge on its Sipp-only wrap from £600 to £300, says providers are deviating a long way from the Datamonitor report definition of a wrap which was published last December. The […]

Citigroup MLM-type agents chase leads

US giant Citigroup is running a home-service business in the UK to generate protection and sub-prime mortgage leads. CitiSolutions, which launched in the UK in September, operates in a similar way to multi-level marketing. Self-employed reps work part-time to generate leads for UK financial services arm CitiFinancial and sub-prime lender Future Mortgages. The agents do […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

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