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Move to go online gathers pace

The move to get online is continuing to gather momentum in the financial services industry, with 92 per cent of Zurich&#39s non-regulated business now being submitted electronically. Skandia has also processed 35 per cent of its Isa/Pep transfer business electronically within the last tax year.

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Two appointed to National Savings board

Chancellor Gordon Brown has appointed two non-executive directors to the National Savings & Investments board. Paul Spencer joins the board after spending six years on Royal & Sun Alliance&#39s board as well as three years on the ABI&#39s board. Also joining on September 1 is Michael Medicott, recently retired from Nomura International.

Plan Invest buys up IFA firm&#39s client base

Plan Invest is buying the client bank of Llandudno IFA David Chamings in the first of a potential series of acquisitions aimed at boosting its sales and ongoing commission. Cheshire-based Plan Invest will inherit around 150 investment clients from the business, which has been run on a non-discretionary basis by a husband and wife team […]

Firms seeking DB alternatives

More than half of employers have carried out a major review of their final-salary pension schemes in the last year and many are keen to find alternatives rather than close them down, says Watson Wyatt. The actuarial consultancy, which advises more than 50 of the 100 biggest UK corporate pension schemes, found that 59 per […]

EFG Private Bank – Prudent Global Gold Fund

Type: Hedge fund Aim: Growth by investing in gold stocks Investment split: 100% in gold stocks Place of registration: Jersey Charges: Initial up to 5%, annual 2% Commission: Subject to negotiation Tel: 020 7491 9111

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