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Interlink Premier firms win court delay

Former Interlink Premier Network members have gained a court adjournment they hope will prevent their former network hanging on to their renewal commission.

Members have asked the court for more time to prepare for the hearing which will decide whether the renewal commission from providers belongs to the members. Interlink ceased trading on March 18 following 12 months of financial difficulties, leaving many of the188 members owed backdated commission.

Some members say they are owed tens of thousands of pounds from the firm and believe they will have little chance of recovering their losses if money is pooled to cover the network&#39s existing debts.

Advisers say they have contacted individual providers to find out if they can access their renewal commission direct but have been referred back to administrator Grant Thornton.

TLT Solicitors associate David Prideaux representing the administrators says it hoped to go to court this week to consult on the next stage of the admin process which will include a review of commission income but this has been adjourned.


Savills swoops for Charcol top seller

Savills is recruiting Charcol&#39s top-earning consultant, its Cambridge branch director and the branch head of administration to set up an East Anglia office. Former branch director Neil Walker and highest-earning consultant Chris Galpin are understood to be leaving Charcol&#39s Cambridge office and are set to join Savills within weeks. Charcol, which is in last-ditch talks […]

McCarthy hits out at EU gender directive

FSA chairman Callum McCarthy has today spoken out against an EU directive on equal treatment of men and women, saying it is likely to hinder the development of an efficient insurance market. McCarthy has stood behind the industry, which has long rallied against the directive, saying the equal treatment directive “runs counter to good sense” […]

NU looks at guarantee charge to boost equity backing ratio

Norwich Union is considering bringing in a charge for guarantees on its NU life & pensions with-profits fund to allow it to increase its equity backing ratio and avoid closing it. NU says it expects a number of life offices to follow suit as the only serious way to increase equity exposure under the new […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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