View more on these topics

MCCB says code breaches are less

The Mortgage Code Compliance Board says there was a reduction in the number of mortgage code breaches by intermediaries in the six months to January 2001.

But the regulator is concerned that a quarter of firms visited by compliance officers failed to provide adequate explanations of the level of service they were providing and internal complaints procedures.

The MCCB says it may produce a handbook of good practice notes to help eradicate such breaches.


Speculation grows over Old Mut successor

Speculation is growing over the likely replacement of Old Mutual chief executive Mike Levett, with the firm&#39s life insurance chief executive Jim Sutcliffe leading the pack.Levett, aged 62, has two years left on his contract, but has withdrawn his entire accrued pension benefits, worth over £7m, fuelling rumours of his departure.Two other internal candidates are […]

Norwich & Peterborough – One Year Fixed Rate Bond

Monday, 2 July 2001.Type: High interest account.Minimum-maximum investment: £1,000-no maximum.Interest rates: 5.35 per cent gross a year, 5.22 per cent gross a month.Term: One year.Offer period: Until further notice.Withdrawal penalties: If no notice given, 50 days&#39 loss of interest on amount withdrawn unless at least £1,000 remains in bond.Tel: 0845 3002511.

Misys announces purchase of US healthcare business

Misys has continued its shopping spree with the announcement it is purchasing Sunquest, the US healthcare systems business for £279m. Sunquest will join Misys owned Medic Computer Systems in providing practice management and medical record systems to US doctors. The software and services group, which just last week announced it was making an offer for […]

Endowment complaints rocket 300 per cent

Complaints over mortgage endowments rocketed 300 per cent in the year to this March, according to the Financial Ombudsman Service.The ombudsman has revealed it handled over 9,000 complaints last year, up from 3,000 in the year to March 2000. It expects to deal with around 13,000 disgruntled endowment policyholders this year.It blames exaggerated sales talk, […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm