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Nationwide calls for fairer financial services

Nationwide Building Society is calling on the Government and FSA to take action to make UK financial services fairer and more transparent.

It has contacted 50 MP and civil servants including the Chancellor of the Exchequer setting them five challenges.

These are to provide mortgage customers with information they really need and remove confusion, promote the Cat standard for financial services, tackle poor pension provision, regulate equity release and create an easier way to compare credit cards.


Aegon adds protection specialist to IFA stable

Aegon UK has continued its IFA acquisition drive by taking a 9.99 per centstake in Personal Touch Insurance for around £2m.The Solihull-based protection specialist has 24 RIs and more than 10,500agents distributing financial services, mortgages and general insuranceproducts to support the core business.Personal Touch has grown rapidly since it started trading seven years ago.Over the […]

Lighthouse&#39s Hamson buys founding firms as he steps down

Lighthouse joint managing director Nick Hamson has stepped down from theboard and bought out the group&#39s two only wholly-owned IFAs and foundingfirms.Hamson, with fellow board member Matthew Goldsmith, owned the City and Kentfirms when Lighthouse was first established and Hamson has continued to runthe firms while performing his duties as joint MD of the group. […]

Smith made deputy sales director at Scottish Life

Scottish Life is promoting Jim Smith to the newly created position of deputy sale director from his former role as head of promotion and e-business.Smith, who was formerly head of remote distribution at NPI and assistant executive director, sales at Abbey Life, will report to sales director Jim Gilchrist.Scottish Life chief executive Brian Duffin says: […]

IFAs beat direct sales on cheaper distribution

IFAs are a cheaper distribution channel than their direct-selling rivalswhen it comes to nearly two-thirds of unit-linked and with-profitsproducts, according to the latest FSA disclosure survey.The survey, from December 2001, looks at 24 products comparing the totalremuneration advisers received over five years. It shows that in 15 out of24 products, IFAs accepted a total remuneration […]


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