Mansfield Building Society is celebrating two of its figureheads reaching their 40th and 25th anniversaries with the firm.Product manager Pete Doherty, not to be confused with the Babyshambles star, has been working at Mansfield for 40 years while chief executive David Fisher has clocked up 25 years. Staff celebrated in true mutual style by sitting in a square and crossing their legs – none of that fancy Champagne and caviar.
The director of the Association of British Insurers’ Raising Standards initiative, Martin Shaw, has left the organisation. Director of consumer strategy George Hodgson is heading the customer impact scheme, which has replaced Raising Standards. Shaw is now a freelance consultant.
Birmingham Midshires has launched a new direct savings account with a rate of 4.75 per cent, looking to challenge the likes of ING.The account has been launched with the promise that it will pay 0.25 per cent more than the popular ING Direct Savings account until 1 August 2008.But Moneyfacts.co.uk warns that conditions in the […]
F&C has appointed Terry Coles as alternate manager to Sophie Horsfall for its international funds.Coles joins from Morgan Stanley Asset Management where he was most recently junior portfolio manager for global equity in its private wealth management business.Director of global equities and fund manager of the F&C stewardship international fund Sophie Horsfall said: ” Terry […]
Bright Grey products director Roger Edwards says the protection industry has neglected income protection and consistently failed to solve problems with the product. Edwards says that despite the industry being aware of flaws in income protection, the Association of British Insurers has focused on critical-illness cover instead. He says it needs to look at alternative […]
Amanda wrote recently about those clients who need a little tough love – the ones who arrive at your door knowing how much cover they want and why they want it. What they seldom know is how much cover they actually need, what type of cover they should choose and the range of benefits available in the market. […]
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]