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IMA hails reforms as big step forward

The Investment Management Association says the White Paper is a major step towards achieving a pension system fit for the 21st Century. It welcomes the Government’s preference for a single, centrally-run national personal accounts scheme.

The Association of British Insurers says the White Paper points pension policy in the right direction and provides a solid platform for creating a new savings culture.

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Burn-Anderson multi-tie flops but profits soar

Burns-Anderson has posted a 500 per cent increase in profits but says take-up of its new multi-tie proposition has been negligible. The Bristolnetwork says it made a profit of 325,714 in 2005, up from 52,854 the previous year. Chief executive Mike Hughes says the company will now begin to concentrate on developing its wrap proposition […]

Altmann questions cash claim for assistance scheme

Independent pension consultant Ros Altmann claims the announcement of extra funding for the Financial Assistance Scheme is misleading. Work and Pensions Secretary John Hutton announced the extension of eligibility for the FAS in response to Parliamentary Ombudsman Ann Abraham’s damning report into Government maladministration of occupational pensions. Workers within 15 years of their scheme pension […]

Countrywide Mortgage Centres becomes member of PMPA

Countrywide Mortgage Centres has become a member of The Professional Mortgage Packagers Alliance. Situated in Bedford and part of Countrywide plc, Countrywide Mortgage Centres has a direct-to-consumer operation, a packaging business that services brokers across most of England, and deals with mortgage applications to non-panel lenders that originate from the Countrywide Groups 1100 branches. PMPA […]

BM Solutions urges brokers to boost business by internet

Brokers are failing to use the internet properly and are losing business as a result, according to BM Solutions. A survey by the lender found that only 53 per cent of the brokers surveyed in its research had a company website while 52 per cent get no new business through the internet. Less than 6 […]

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