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Insurance website scores one million hits

Goodfellow Group managing director Simon Burgess says the success of its Securityfirst website shows hands-off marketing tactics are working.
The three-month old website has registered more than a million hits bringing premium sales income to nearly £3m.
Burgess says: "One does not need to exploit clients to generate significant profits. Banks and building societies take anything up to 70 per cent commission whereas our fee is 10 per cent. Clearly, offering a competitive product with good cover is paying dividends."


Landslide for B&B to convert

Bradford & Bingley is the latest society to start to shed its mutualstatus after members voted overwhelmingly in favour of converting to abank.The conversion, endorsedby 94.5 per cent of savers and 89.5 per cent ofborrowers who voted, comes despite fears of lower savings rates and highermortgage rates under a bank.But Yorkshire Building Society parked its […]

Post Office set for sales of pensions and Isas

The Post Office is considering selling stakeholder and Isas as the nextstep in its proposals to create a “universal bank” through its branchnetwork.The PO says the move would be the logical next step for the bank which isbeing created by the Government as a replacement for the withdrawal ofhigh- street banks from rural communities.The bank […]

Clerical Medical creates three offshore divisions

Clerical Medical is forming three new divisions in a bid to grow its business in the European and UK offshore markets.The life office aims todouble new business from the UK offshore market within three years. It is also looking to more than double business from Europe within two years and achieve a fourfold increase by […]

Axa plan may start wave of orphan fund payouts

Plans by Axa to pay former Axa Equity & Law with-profits policyholders £400 windfalls from orphan assets could herald a wave of payouts by life offices.Both CGNU and Prudential confirm they are considering following Axa&#39s lead.Research by Schroder estimates life offices have around £44bn in orphan assets. This flies in the face of the commonly […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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