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FSA tells IF to review exit fees

Intelligent Finance has been forced to review its exit fee charges after the FSA viewed its wording as unfair to customers. IFs terms allowed it to unilaterally increase its exit charge for mortgages within the all-in-one account. This was criticised by the FSA for using terms viewed as unjust. IF says it has worked with the FSA to address these concerns and has inserted new wording to its terms and conditions.


Nationwide ceo Philip Williamson becomes chairman of BSA

Nationwide chief executive Philip Williamson becomes the newly elected chairman of the Building Societies Association for 2005 to 2006.He replaces John Parker ceo of Stroud and Swindon Building Society, who has held the post for the past year.Williamson joined Nationwide in 1991 to head up commercial lending. In 1994 he was promoted to divisional director […]

NU brings Indian call staff in-house

Norwich Union is bringing its 1,000 Indian call-centre staff in-house in a move that will enable it to bypass a potential tax charge.

Isn’t it time we gave with-profits a fair hearing?

I read with interest the front-page article in Money Marketing’s April 21 issue – IFAs told to cover their backs on with-profits. Some of the points made in the piece are valid but painting such a wholly negative picture about with-profits hardly seems to be constructive or helpful for IFAs and their clients.

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]


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