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FSA appoints key staff

The Financial Services Authority has appointed 10 of the 14 staff who will report directly to its three managing directors. Each director will take up responsibilities once the FSA becomes operational in spring next year. Just one of the 10 is from the PIA.

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The differential price of survival

Consultant Bacon and Woodrow claimed in a recent report that one of the key issues for insurers in the survival game is to ensure that acquisition costs are competitive against their bancassurance rivals. Companies with high acquisition costs have two choices – to increase new business significantly but maintain the same overheads or to reduce […]

Winterthur and Credit Suisse launching Sipp

Winterthur Life and Credit Suisse Private Clients are offering their first joint product since the £5.8bn merger of their parent companies last August. The companies are launching a self-invested personal pension managed by Credit Suisse and designed by Winterthur Life. Product litera ture will carry both company brands. The Credit Suisse Managed Pension Portfolio will […]

Flabby advisers should get fit to live off the fat of the land

Financial advisers are not well known for their bodies – professional or otherwise – but a recent study suggests that some regular exercise can have positive effects on success in the workplace. The study, commissioned by Business Pages and conducted by industrial psychologist Dr David Lewis, found that the fitter you are, the more active, […]

L&G in apology to Virgin as ads compare wrong figures

Legal & General has been forced to make a humiliating apology to Virgin Direct and change its advertising after admitting it got its figures wrong. Virgin complained that figures used in L&G&#39s national press ads for its corporate-bond Pep dramatically underestimated Virgin&#39s performance. The L&G ads compared the running yields of four providers. L&G&#39s Pep […]

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