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IFA ditches The Exchange

IFA Direct Life & Pensions has ditched The Exchange because it claims its services do not meet the needs of IFAs.

It has now built its own system and has signed up with individual life offices direct for its online comparative service Lifequote which does not offer an advice service.

It says The Exchange has lost direction since its management buy out and flotation and does not listen to what the IFA wants. It also says it needed to develop a faster more flexible system.

The Exchange clients services director Nick Prestwich says: &#34It has come as a complete surprise.&#34


Former IFA clients now able to make a claim says ICS

The Investors Compensation Scheme says customers of eleven former investment firms can now lodge formal applications for compensation.The firms involved are Bryanston Financial Services of Farnham, Surrey, Acorn Mortgage & Insurance Consultants of Walton on Thames, Surrey, White Knight of Bedminster, Bristol, Rossli Financial Services of London SW15, Kendall & Co Financial Services of Sheffield, […]

Co-op bank enters internet banking with a smile

Despite the interesting choice of name the Co-operative Bank is aiming to wipe the grin off its rivals faces with the launch of its internet banking subsidiary new internet bank will go live on October 28 with a headline grabbing interest rate of 4 per cent gross on its flagship current account. The account […]

Scottish Life swaps senior staff

Scottish Life has announced a top level job swap within its senior management.The swap is part of the life offices long term commitment to broaden the expertise and experience of its senior management.As part of the move Scottish Life assistant general manager marketing Chris Cormack will takeover the position of actuary at Scottish Life International.Cormack […]

Halifax welcomes Government&#39s call for mortgage meeting

Halifax has welcomed the announcement by the secretary of state for trade and industry Stephen Byers to hold a meeting of mortgage providers.The bank says it supports the call for mortgage regulation and consumer protection and has submitted its ideas to the Treasury.In its submission the Halifax says its research shows nine out of ten […]

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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


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