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Inter-Alliance appoints legal director

Inter-Alliance has appointed Michael Burne, a former head of marketing at St James&#39s Place, to the board as legal director. Burne worked as a solicitor in Allen and Overy&#39s intellectual property team before joining St James&#39s Place in 1998. He become head of legal in 2000 and more recently head of marketing, where he was responsible for strategic development..

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At last the FSA puts its finger in the PI

The professional indemnity problems faced by IFAs have been getting worse but there could be help on the way from the FSA.IFAs are looking at massive premium hikes. One IFA says in the last six months, seven out of 10 IFAs he knows have left the industry because they could not get PI insurance or […]

Britannic blames cross-sell failure for stakeholder exit

Britannic Assurance claims that its failure to cross-sell products to stakeholder policyholders has forced it to pull out of stakeholder, even though it has a 5 per cent share of the market.It is ending its stakeholder project and axing 200 jobs after a 35 per cent fall in profits to £52m in the first half […]

Norwich & peterborough – Quantum Account (12th issue)

Friday, September 13, 2002 Type: High interest account Minimum-maximum investment: £1,000-£25,000 single life, £50,000 joint life Interest rates: 4% gross a year until September 30, 2003, 4.25% gross a year until September 30, 2004, 4.5% gross a year until September 30, 2005, 5% gross a year until September 30, 2006, 6.5% gross a year until […]

New Star makes bond fund debut

New Star Investment Funds has unveiled its first bond fund, the New Star high yield bond fund.This Oeic aims to provide income of 7 per cent a year, plus some scope for capital growth. Income will be paid quarterly, but this can be reinvested for growth.The portfolio will contain between 50 and 100 holdings, which […]

Is three a crowd?

The pension versus Isa debate has raged on and off for years. Les Cameron, head of technical at Prudential, asks if three’s a crowd.   I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed. Total access, albeit with […]

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