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Lords look at gender directive

A sub-committee of the Lords European Union committee, is carrying out a short focused enquiry into the proposed gender directive from the EU on equal treatment between men and women in supply of goods and services. Social and consumer affairs sub committee G is looking at the implications of the directive for insurance, pensions and annuities. Treasury Financial Secretary Ruth Kelly will appear before the committee on June 16.

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&#39Property no substitute for pensions&#39

Property is not a substitute for pensions for the vast majority of the population, according to a research paper by the Pensions Policy Institute. Only 10 per cent of UK homes are worth more than £330,000, the level needed for equity release to provide an income of £100 a week, says the report. The PPI […]

New Star marries hedge fund family

New Star Asset Management has established a fettered fund of hedge funds that invests in an actively managed portfolio of New Star hedge funds. The New Star managed hedge fund is an open-ended Bermuda-based fund that aims for a return in the region of 10 to 15 per cent a year. The fund is designed […]

Life offices offer to pay PI premium for place on panels

Standard Life, Legal & General and other big product providers are understood to be offering to pay IFAs&#39 professional indemnity insurance in order to be on their multitie panels. Money Marketing understands that some providers are putting together additional business services to offer IFAs as a sweetener to encourage them to take the provider on […]

Driving force of with-profits

I recently followed a plumber driving erratically, with his mobile phone number proudly displayed on the van. I rang him from my hands-free phone, commenting that if my driving was as appalling as his I would not want people to have my phone number. I was reminded of this incident when I read Philip Milton&#39s […]

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