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Lloyds TSB appoints UK banking chief

Lloyds TSB is appointing Eric Daniels as executive director of UK banking, replacing Dennis Holt who resigned in August.

Daniels joins from Zona Financiera, a privately-owned financial services portal. He was previously chairman of Citigroup&#39s Travelers Life & Annuity business.


NU wraps up retirement products

Norwich Union is packaging a range of products for the retirement market into one proposition to provide a comprehensive offering for people approaching retirement.The package, marketed under the strapline &#39for the life your clients deserve after work&#39 has been designed to help IFAs offer clients greater flexibility in retirement and highlights the breadth of provisions […]

&#39Sandler must see value of IFAs&#39 – Torquil Clark

The industry should be encouraged to move towards charging fees if it wants to improve professionalism and consumer confidence, says IFA Torquil Clark in its Sandler response.The IFA says in order to bring further clarity, advice must be separated from product purchase, a move which will increase the likelihood that consumers will view IFAs as […]

Treading the regulation boards

Despite the fact the FSA is often considered as being the single financial regulator, it is only one of many bodies which play a role in overseeing the industry.It is true that at N2 the FSA will replace a number of the regulators currently controlling the various aspects of the industry, such as the PIA, […]

ICMG – Sub Prime Exclusive

Thursday, 25 October 2001.Fixed term: Until November 1, 2002.Fixed rate: 7.25 per cent.Minimum loan: £25,001.Maximum loan: Up to 90 per cent of valuation subject to a maximum of £300,000.Income multiples: 3.5 times principal income plus second or three times joint.Arrangement fee: £395.Redemption fee: 6 per cent of amount repaid in the first three years, 1 […]


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