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FSA presses Pru to share fund surplus

The FSA is understood to be pressing Prudential to hand policyholders a share of the 8.7bn surplus in its with-profits fund to clamp down on the treatment of inherited estates. It has asked for a complete review of the assets and liabilities of the fund.

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FSA centre receives CCA accreditation

The FSA’s Firms Contact Centre has received accreditation from the UK’s professional body for contact centres.The Contact Centre Association presented the award to the FSA in a ceremony in Edinburgh this week.A restructure of the contact centre was implemented in April as part of a commitment to make the regulator an easier place to do […]

Plumbing the debts

Guy Anker on the outcry as whistleblowers accuse lenders of using debt collectors as debt counsellors to aggressively chase loan arrears

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Wealth preservation from CanLife International

Canada Life International has brought out the wealth preservation account, a product designed to allow people to build wealth outside their estate for IHT purposes.

Aifa launches working group to look at FSA distribution review

Aifa has launched a working group to draw up the trade body’s response to the FSA’s review of retail distribution.Aifa director general Chris Cummings says members should not underestimate the importance of the review and the recommendations it could make.Former Tenet Group chairman Barry Kayes will chair the group.Cummings says: “It is essential that our […]

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