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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” and is likely increase the overall cost for consumers of buying insurance cover.

The directive will prohibit the use of gender as a factor in the calculation of premiums and benefits for insurance, and McCarthy has questioned whether the directive has even been “thought through” as a method for combating gender bias.


Bank urged to boost cross-selling

Standard Life wants Standard Life Bank to cross-sell within the group. Chief executive Anne Gunther says as the subsidiaries of Standard Life have come of age and have a strong group of products which work well together, it is logical to create links between the products, for example, a customer who has a flexible mortgage […]

Kenmir broaches IFA issues

FSA managing director David Kenmir and a group of IFAs will discuss the big issues facing the intermediary sector at a Money Marketing round table discussion next week. Eight IFA firms will use the session to tell the FSA what the real problems facing their businesses are and how the regulatory framework could be changed […]

Journey to the core for Threadneedle

Threadneedle&#39s new retail chief David Gasparro says he wants the group to establish a bigger presence in the core UK equity sector following the launch of its limited issue and Mid 250 funds. Gasparro, who joined Threadneedle as head of retail in March, is seeking greater visibility for the group&#39s high alpha funds, which have […]

Scottish Friendly&#39s WP fund best over five years

Scottish Friendly&#39s with-profits fund has posted the highest return over the past five years, according to a survey by Investment, Life & Pensions Moneyfacts.Based on a single premium of £25,000, Scottish Friendly&#39s fund has returned £31,170, putting it ahead of Prudential and MGM Assurance, which returned £29,721 and £28,037 respectively. The worst performer was Axa, […]


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