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Five financial firms among the top reputations in UK

Northern Rock, Fidelity, Egg, Nationwide and Legal & General have some of the best reputations in corporate UK, according to Presswatch.

But four financial services companies – Equitable Life, Barclays, Lloyds TSB and Royal & Sun Alliance – fall among the 10 UK companies with the poorest reputations in the annual survey.

High-street retailer Marks & Spencer came top in terms of positive mentions in the national press in 2002.

Northern Rock and Egg, at fourth and sixth, received favourable coverage for their products and positive financial results. Nationwide Building Society was placed seventh.

In a year when nearly every fund firm took a beating, two of Fidelity&#39s funds – the wealthbuilder and special situations funds – were warmly endorsed by the national press, putting it in fifth position.

L&G, placed eighth, consistently received better coverage than its nearest life office rival in the tables, Standard Life.

At the other end of the spectrum, coming fourth from bottom with 2,965 negative mentions in 2002 – placing it only above Marconi, Andersen and Cable & Wireless – was Equitable Life. Also floundering in the rankings were Barclays, Lloyds TSB and R&SA.

Author of the report Vic Ume says: “While more powerful and bigger banks with formidable reputations are scattered at the bottom end of this year&#39s table, the likes of Egg and Northern Rock have shown the old boys a thing or two about keeping the public, the City and the press on side.”


AMP axes annual and terminal bonuses on NPI policies

AMP is scrapping annual and terminal bonuses for 120,000 NPI with-profits policyholders, blaming the rising cost of guaranteed annuity options.Two million Pearl endowment holders with conventional with-profits policies will have last year&#39s 2.25 per cent annual bonus reduced to zero. Payouts across AMP UK&#39s with-profits range will be slashed by 20 per cent. Annual bonuses […]

Modray to join Bestinvest in marketing and PR role

RJ Temple consultant Justin Modray is joining rival IFA Bestinvest, with responsibility for some of the PR and research functions previously carried out by Jason Hollands.He will join Bestinvest in March following the departure of former deputy managing director Hollands, who joined Isis last week as group communications director.Modray will be responsible for some PR […]

Second time around for Britannia International

Britannia International has unveiled the second issue of the split deposit bond, a combination of a high interest account and a guaranteed equity bond.The product is available to new investors with at least £10,000, while the minimum amount for existing customers is £5,000.The high-interest account element pays 5 per cent gross for three years and […]

NDF Administration – Higher Income & Growth Plan 3

Wednesday, 22 January 2003 Type Guaranteed equity bond Aim: Income or growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £10,000, £7,000 Isa-£1m Term: Five years two months Guarantee: Capital returned in full provided the index does not fall by more than 40% Return: 8% gross income a year, 0. 64% gross […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


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