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IFAs hope Standard continues to &#39behave properly&#39 towards policyholders

On the brink of demutualisation Standard Life has announced it will
be writing to policy holders who have taken out with profits policies in
the current financial year, since November 16, to offer them the
chance to reconsider the without penalty their investment decisions.
Michael Philips proprietor Michael Both believes the demutualisation
decision &#39has been taken lightly&#39 but questions why the company has
gone down this route after many years of consideration.
He says: ” It could be that something nasty is going to come out of the
woodwork. It&#39s a shame to see them demutualise and they&#39ll
certainly be a take over target now. I only hope they don&#39t end up in the
clutches of the Abbey group. That would be sad. As usual they are
offering a deal for new customers to exit their policies if they want to
which I think is behaving properly. I can only hope this type of
behaviour will continue.”


AMI help members seek appointed representative status

The Association of Mortgage Intermediaries has introduced a new service to help its members seek appointed representative status.Many organisations are declaring their intention to offer become mortgage network principals and are now recruiting Appointed Representatives, but the FSA has decided not to pre-authorise networks. The FSA will be issuing “minded to authorise” letters following preliminary […]


The Diary was remiss last week in not extending our condolences to Bob Monkhouse&#39s family. Bob hosted three of our Money Marketing awards over the years, sharing his inexhaustible supply of gags with our industry. The 2003 awards ceremony performance was his finest. Among the jokes shared with the gathered financial services industry included a […]

Synaptic quits quotes in deal with Exchange

A deal between IFA technology providers Synaptic Systems and The Exchange will leave just three major players in the quotations and new business services market. Synaptic will bow out of the quotations and new business sector to concentrate on developing research software. The move will leave The Exchange with 18,500 users, Assureweb with 16,000 and […]

The bill is adding up

Don&#39t hold your breath for the Pensions Protection Fund and New Kind of Regulator as the Department for Work and Pensions&#39 new bill looks set for a couple more days&#39 delay with the workers voting for a strike later this month. It seems that either Andrew Smith isn&#39t paying them enough or the effect of […]


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