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Finops reorganises board in wake of Kestrel takeover

Financial Options Group has appointed three new directors to its board following the recent acquisition of the Kestrel network.

Financial Options and Investment Options sales & marketing director Andrew Bedford will become group sales & marketing director.

Former Legal & General senior analyst programmer and IT consultant Mark Horrocks is to take the role of group IT director, with David Wallace as group compliance director. The group senior management team is responsible for decisions across the three regulated networks of FOL, IOL and Kestrel.


Employees not satisfied with benefits

Despite annual spending of £50bn by companies, UK employees are not satisfied with their employee benefits, according to the Towers Perrin Benefits Effectiveness Index.The annual survey found that in 1998 less than half of employees were satisfied with their choice and level of benefits compared to 60 per cent in 1997.Pensions continue to confuse employees […]

Co-operative Bank seeks 35 IFAs over next three years

Co-operative Bank Financial Advisers is aiming to double its salesforce in the next three years.The independent advisory arm of the The Co-operative Bank is looking to increase the number of financial planning consultants to 90 from 55 by 2001.CBFA says that it wants to double its salesforce because the bank&#39s client base is dominated by […]

Manchester cuts rate to 6.95 per cent

Manchester Building Society is reducing its lending rate to 6.95 per cent from 7.69 per cent with effect from 23 March 1999.The rate for new borrowers will change at the start of March.The lender&#39s Flexible Mortgage Plan offers an interest rate at a guaranteed margin from the base rate, which changes automatically 15 days after […]

Sun Bank aims to meet Government target on mortgage protection

Sun Bank is launching a range of flexible mortgage protection insurance plans in line with the Government&#39s proposals on sustainable home ownership.The bank aims to increase the take-up rate of MPI cover among its borrowers to the Government target of 55 per cent within the next five years.Sun Bank managing director Mark Sismey-Durrant says: &#34At […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


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