View more on these topics

Equitable should back campaign for Gvt compensation – action groups

Equitable Life Action groups have joined forces to strengthen calls for Equitable to back a campaign for Government compensation. Seven action groups have come together in a single movement called E7 which wants the society to put its weight behind calls for £3 billion of compensation from the Government.

E7 spokeswoman Liz Kwantes says the insurer has the infrastructure, expertise and access to the evidence needed to co- rdinate such a case. Equitable has already said it considers the legal hurdles to Government compensation are likely to be too high and is pushing for the parliamentary ombudsman to reopen her investigation into the case.

At the same time a new action group has been formed, the Equitable Late Contributors Action Group and is calling for volunteers and new members to help organise a campaign to seek compensation through the courts or financial services ombudsman.


Standard bonuses better than feared

IFAs have given a cautious welcome for Standard Life&#39s bonus declaration, describing it as “marginally” better than expected. The company is cutting bonuses on with-profits pol-icies by up to 1 per cent, with payouts on conventional and unitised policies down by an average of 7 per cent. Standard says that a year of strong investment […]

Fidelity and Threadneedle lead fund firms on assets

Threadneedle has leapfrogged Invesco Perpetual and Scottish Widows Unit Trust Managers to become the UK&#39s second-biggest fund company in terms of assets under management in 2003. IMA figures show that Threadneedle increased its funds under management by 26 per cent from £9.75bn to £12.36bn last year, ranking it behind only first-placed Fidelity, which grew its […]

Internal priority for mortgage network

Inter-Alliance is launching a mortgage and general insurance network this week. Mortgage development director Stuart Wilson says the priority will be to harness the advisers in the group, half of whom are qualified as mortgage advisers. Wilson says the network will be taking on qualified mortgage advisers and is unlikely to give a home to […]

Lifesearch sends out Swiss Life admin call MCCB cuts firms&#39 fees ahead of regulation

The Mortgage Code Compliance Board has significantly reduced the fees that intermediaries and lenders will pay for their final period of registration before statutory regulation starts. There will no longer be a registration fee for intermediary firms and the staff fee will be less than half of the fee payable in 2003/04. The renewal fee […]

Image courtesy of Stuart Miles at

Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm