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ICS opens compensation channel for clients of four more firms

The Investors Compensation Scheme is opening its compensation procedure for customers of four former investment firms.


The four firms are Edwin James Limited, Michael F P Howlett Associates, Portcullis Agencies and Sovereign Investment Consultants Limited.

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Banks and fund managers call for UK rate cut

Barclays Capital is urging the Bank of England&#39s Monetary Policy Committee to cut interest rates by at least 0.25 per cent when it next meets.Barclays is urging the MPC to make the cut because it is predicting that quarterly growth annualised in the service sector is going to be less than 1.5 per cent in […]

Standard Life angers Tep providers by voicing projection doubts

Standard Life has angered Tep providers with accusations that they are providing consumers with unrealistically high projections for maturity values.The life office says it is concerned there is no regulation to ensure market makers use a standardised formula for calculating projection rates.Standard Life marketing manager Andrew Black says: &#34We would like the PIA to impose […]

PIA Consumer Panel wants mortgages directly regulated

The PIA consumer panel has warned the Government that it is making a mistake by not including mortgage regulation in the draft Financial Services and Markets Bill.The panel says that the complexity and range of mortgages available makes it easy for product providers to missell.It says that because mortgages are the biggest purchases consumers ever […]

Fraud pushes up insurance bills by £1 a week

Fraudsters are pushing the cost of the average household insurance policy up by almost £1 a week, according to a survey by the Association of British Insurers.The association estimates the cost of fraud was up 8 per cent to £645m for 1998 from £597m last year. As a percentage of premiums fraud increased to 3.7 […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?

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