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MG Rover employees refused mortgage protection by CGNU

Employees of MG Rover are being refused mortgage protection insurance by CGNU.

An MG Rover employee was refused mortgage protection, to cover illness or redundancy, as a result of &#39uncertainty&#39 over the firm&#39s long term future, according to reports in the Financial Times.

Vincent O&#39Meara, a worker at the Longbridge plant, was told that CGNU had concerns about his job security.

MG Rover chairman John Towers says: “Ford is closing its plant at Dagenham, Vauxhall wants to close at Luton and there is even a question mark over Nissan at Sunderland, yet Longbridge is prospering.”


Online purchasing services improved

EMX, the online messaging service for the purchase, sales and valuation of unit trusts, has speeded up the process by which intermediaries can input orders to product providers. The improved service allows intermediaries to place buying and selling instructions on one screen rather than a series of screens and to customise screens to show information […]

Assureweb supports seven major product providers

DBS Management, the financial services business support group, has announced that AssureWeb, its e-commerce portal for IFAs, now supports seven major product providers. Over 16,000 IFAs have recently been sent free copies of the new business system, which runs offline, and links electronically to the AssureWeb online portal. The new software allows IFAs to complete […]

TrustNet launches VCT information provider

TrustNet, the online investment fund information provider, has launched a free venture capital trust service. The service will provide daily updated prices, performance, charts and background information on all UK VCTs. Where available, hyperlinks to the VCTs&#39 own web-sites will be set up. TrustNet managing director Graham Bucknall says: “TrustNet users have been requesting information […]

Scottish Friendly Assurance – Growth And Security Bond 2001

Friday, 19th January 2001.Aim: Growth and income by investing in Scottish Friendly Assurance&#39s with-profits fund.Minimum investment: £3,000.Bonus rates: 6 per cent.Allocation rates: £3,000-£9,999 – 100 per cent, £10,000 and above – 101 per cent.Charges: Initial 5 per cent.Commission: Initial 5.25 per cent.Tel: 0800 834428. 


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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