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IFA sets up Equitable crisis line

Alexander Forbes Financial Services, providers of advice on employee benefits, has set-up a crisis phoneline following the decision by Equitable Life to close to new business.

The helpline is designed particulary for trustees and employers of schemes with 20 to 1000 members in small to medium size companies.

They will be able to arrange a free advisory meeting from Alexander Forbes&#39 network of offices. It will also offer the 650,000 people who hold individual policies a factsheet covering the key issues and giving general guidance.


Aifa urges extreme care on advice

Aifa has issued an urgent statement alerting its members to take extreme care when advising Equitable Life clients of their options. As part of its newsflash bulletin service, it has emailed members, warning: “We do not believe that anybody is currently in a position to give clear guidance in such a sensitive and complex situation.” […]

Government announces long term care plans

The Government has announced plans to catmark long term care insurance. The widely anticipated move was first predicted in Money Marketing more than a year ago. But the Government is to consult on the exact details of regulation. It is examining four options, a voluntary code of practice with Cat standards but without statutory regulation, […]

Children&#39s account from Catholic Building Society

The Catholic Building Society has introduced a specific account for children. The children&#39s account has a minimum balance of £5 and an interest rate of 5.5 per cent is paid annually. Incentives are offered to encourage savings. Once a balance of £500 is reached on an account a £5 Virgin Megastore voucher is offered and […]

Nationwide set to allow resolution

Nationwide Building Society is set to permit carpetbaggers to bring a conversion resolution at its annual meeting next year. The board of directors meets this week to decide whether to delay the move but a spokesperson for the building society said the board is “very likely” to allow the resolution. The carpetbagger&#39s campaign is being […]


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