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Jersey financial chief calls for tighter corruption controls

The head of financial regulation in Jersey is calling for tougher measures to control corruption.

Jersey Financial Services Commission director general Richard Pratt says current controls do not go far enough, and has called for banks to investigate more fully the true owner of wealth and the source of transactions. He also called for an international clearing-house for information on suspicious transactions carried out by serving officials.

Pratt says: “Corruption is a terrible disease. Its victims are primarily the poor in the corrupt countries. It inhibits development, deters inward investment and diverts scarce resources away from their intended target and into the pockets of some undeserving members of the elite.”


Flexx sent to Coventry

Coventry Building Society has unveiled a three year fixed rate flexible mortgage that has no early redemption penalties.The three-year Flexx fixed mortgage is available for loans up to 95 per cent of valuation and maximum loan amount of £500,000. It is fixed at 6.25 per cent until October 31, 2004.Borrowers can make overpayments, take a […]

Winchester White appoints new chief exec

Specialist financial services management consultancy Winchester White Management Consultants has appointed David Grey as chief executive. The former director of operations joined the business in 1992 and will continue to develop the company’s strategic direction. He replaces Brian Wood.WWMC has also announced principal consultant Aileen Croft is to become head of the life and pensions […]

IFA sales surge at Scottish Friendly

Scottish Friendly Assurance has seen a 35 per cent surge in IFA businessin the first half of this year to £739,000 from £547,000 for thesame period last year. The friendly society bel-ieves increased trade marketing activity and ahigher profile among IFAs are the reasons for this growth. Sales through direct marketing rose by 20 per […]

Inside EDGE – Anne McMeehan

Even MPs at Westminster not renowned for their grasp of financial services(sadly, still the majority) have come to appreciate that one of the biggestissues confronting the Government is how to succeed in getting the messageacross to every man and woman in the country that they need to save fortheir retirement. Future Governments, no matter their […]

Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


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