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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-o 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.


Axa Investment Managers – UK Corporate Bond Fund

Type: Oeic Aim: Income and growth by investing mainly in investment-grade UK corporate bonds Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% corporate bonds Isa link: Yes Pep transfer: Yes Charges: Initial 5%, annual 0.75% Commission: Initial 3%, renewal 0.5% Tel: 020 7003 1234

Growing problem of pension limit

IFAs with clients who expect to break the £1.4m lifetime limit face an advice dilemma over the Inland Revenue&#39s proposals for transitional protection, warns Scottish Life head of pensions strategy Steve Bee. Bee says IFAs face a difficult choice between recommending clients to leave their occupational scheme or stay in and risk being hit by […]

Hope rises as Treasury sets CTF cap at 1.5%

Product providers believe the Treasury&#39s justification for raising the price cap to 1.5 per cent for child trust funds should have been applied to stakeholder pensions and should be introduced across the board for the Sandler range. The industry is calling for a more consistent approach to charge capping from the Treasury, which says it […]

Friends retain raising standards quality mark

Friends Provident have been re-credited under the Raising Standards quality mark by the PPIAB — an independent assessment body. PPIAB chief executive John Cox says: “The sustained commitment of Friends Provident and other accredited brands means more and more customers are enjoying the benefits of well presented documents, higher quality service and fair treatment.” Friends […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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