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Friends Provident warns policyholders over windfalls

Friends Provident has warned policyholders they might not automatically be entitled to windfalls when the life office floats on the stockmarket.

Unless policyholders can prove that they qualify, they will not stand to collect any money.

The life office says that a customer had to have requested an application form by May 3 to qualify, the day the intention to convert was announced. Now it is saying that it will try to weed out the genuine customers from the carpetbaggers.

Friends Provident company secretary Brian Sweetland says: “It is not easy, we have got to do our best. I am sure at the end of the day we will have accepted people who should not have got through the hoop and refused people who should have.”


Conservatives continue fight over FSA

Conservative Peers plan to try and force the Government to amend the Financial Services and Markets Bill one last time today.Despite having defeated the Government over a number of other areas of the extensive legislation, the Tories still have major concerns that they want addressed today. They include areas such as the independence of the […]

Zurich posters bid to build household name

Zurich is running a widespread advertising campaign to build its brand.The campaign is starting with 1,500 posters at road, rail and Undergroundsites and will develop into other media later this year. The posters willhave “attention-grabbing headlines and warm, inviting visuals”.The company says the campaign is the first step in establishing the brandas a household name […]

Policyholders take a step forward

Life office policyholders have taken a step closer to gain-ing directrepresentation on the boards of insurancecompanies.The Department of Trade and Industry is examining the issue as part of awider review of corporate governance.The move was prompted by former Allied Dunbar deputy chairman Lord JoelJoffe. He tabled an amendment to the FSA legislation last week which […]

Law is an asset

Of all the changes to taxation introduced in this year&#39s Budget, the mostexciting for business owners, employees and directors with a shareholdingin the company for which they work will be the taper relief provisions forbusiness assets.The proposals for dramatically improving taper relief have now beenembodied in clauses 65 and 66 of this year&#39s Finance Bill, […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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