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Ilag appoints new chairman

The Insurance & Life Assurance Group has appointed Bill Tonks as its chairman for 2001-2002.

Tonks has spent the last 10 years working as a compliance officer for first Eagle Star and then Nationwide Building Society.

He currently works for Nationwide as divisional director, risk management.

Tonks will replace Phil Smallwood, who will continue to work with the trade body which represents 40 companies in the financial services industry.


The Mortgage Operation – Freestart

Thursday, 5 July 2001.Type: Accident, sickness and unemployment cover.Maximum benefit: £1,875.Benefit payment term: 12 months.Deferred period: Choice of 30 or 60 days.Premium: 30 days £4.40 per £100, 60 days £4.20 per £100.Commission: Initial 25 per cent, renewal 25 per cent.Tel: 020 7571 3016. 

Life office contracts are main cause for complaint

Pensions advisory service Opas has attacked life office contract terms and charges as the main sources of complaints to its helpline.In its annual review of cases for 2000/01, Opas says “scandalous practices of ill-defined contract terms and hidden charges” were the main areas of complaints. It hopes that stakeholder will help to ensure this becomes […]

Skandia takes stake in EMX

Skandia is understood to be taking a stake in Autif’s fund transaction and valuation hub EMX.The other shareholders are Fidelity, Invesco, M&G, Scottish Widows, Standard Life and Threadneedle who invested in the project, when it failed to raise a minimum of £6m in a rights issue earlier this year.

IFAs slam PIA watchdog over pensions redress

IFAs have slammed the PIA ombudsman for encouraging policyholders seeking redress over pension misselling to complain in order to validate any offer they have received.A Rochdale IFA is fuming after a client was advised by the ombudsman that the “only way” to verify an offer of compensation was to make a formal complaint against the […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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