View more on these topics

Government should pay for generic advice says Panel

The Government should consider funding a generic advice service in building societies according to FS Consumer Panel chairman Colin Brown.

Speaking at the annual Building Society Conference in Bournemouth, Brown said funding of this service will be the issue and suggested the Treasury could help or societies could consider clubbing together.

Brown said: “It is the responsibility of the industry to provide a financial health check taking a holistic consideration of people&#39s finances.”


Canada Life pays claims into accounts

Canada Life has announced all group income protection claims will now be paid directly into clients&#39 bank accounts rather than by cheque as they are currently.The life office will also be shortly introducing technology which will allow it store all group correspondence more securely, making the facilitation the processing of queries more efficiently.Director of group […]

Britannic offers big bonuses to secure managers&#39 loyalty

Britannic Asset Management is believed to be offering fund managers loyalty bonuses of half their basic salaries in a bid to retain key staff while it seeks a merger.Parent company Britannic announced it was looking to link up with another mid-sized firm in March after releasing results which showed its profits fell to £145.4m in […]

B&W says getting loan staff approved will push up costs

Bristol & West is warning of the dangers of lenders being forced to get all mortgage service staff FSA approved when statutory regulation is introduced in 2004.The company says: “If there is a significant increase in the numbers of staff for whom mortgage lenders have to obtain approval, there will be a corresponding increase in […]

Norwich and Peterborough – One Year Fixed Rate Bond

Wednesday, May 8, 2002Type: High interest accountMinimum-maximum investment: £1,000-£500,000Interest rates: 4.6% gross a year, 4.51% gross a monthTerm: One yearOffer period: Until further noticeWithdrawal penalties: No penalty provided £1,000 remains in thebond. Otherwise 50 days’ loss of interest on amountwithdrawnTel: 0845 3002511


News and expert analysis straight to your inbox

Sign up


    Leave a comment