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Iimia appoints new non-executive director

Iimia has appointed Nicholas Hamilton to its board as an independent non-executive director.

Iimia chairman William Long says the appointment is the result of the need for an additional non-executive director following the merger of Exeter and Iimia.

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Open is granted injunction to protect franchisees

Zurich and Openwork have won their application for an interim injunction against rival Home of Choice, preventing it from recruiting Openwork franchisees until the case is heard. The hearing in the High Court on June 28 was based on a number of allegations including that the defendants were acting in breach of restrictive covenants. Home […]

70 per cent opt for cash CTFs

When offered the choice between cash and stakeholder Child Trust Fund accounts 70 per cent choose cash, according to the Building Societies Association.It says in June over 50,000 CTF accounts were opened by the eight providers of both options with 31,000 being cash CTFs.The BSA also says net receipts into cash CTF accounts were over […]

Shepherds to hold creditors meeting

Investment firm Shepherds (Financial) Limited, which ran an offshore viatical fund which invested 26m in collapsed American life office MBC, is holding a creditors meeting on August 9 to consider the appointment of a liquidator.

Lloyds leapfrogs Abbey but HBOS stays on top

Abbey National has slipped from second to third in terms of mortgage market share, according to the Council of Mortgage Lenders’ annual ranking table of the biggest lenders. Abbey saw its share of gross mortgage lending in the year to April 30 drop to 8.6 per cent from 10.7 per cent over the previous 12 […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

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