View more on these topics

Nationwide first in company stakes

The financial services company with the highest profile in the media last year was Nationwide Building Society, according to Presswatch.

Based on its monthly measurement of media coverage, PWFP says the high volume of mentions achieved by Nationwide throughout 2001 helped it maintain its reputation with “positive reporting of its products, in particular, its savings and mortgage products”.

But on the negative side, the departure of chief executive Brian Davis spurred rumours of boardroom splits over the wisdom of his mortgage policy of offering fair deals to existing customers and “slating rivals for offering gimmicky rates to attract new business”.

In second place was fund manager Fidelity, which PWFP says dominated investment coverage and did well to reduce the number of negative comments it received to 28 from 46 in 2000.

Norwich Union jumped from 14th spot to take third place and Abbey National moved up from 15th to fourth.

Equitable Life finished bottom for the second consecutive year but PWFP says: “Consolation prize to Vanni Treves for facing the wrath of the press with dignity and assurance.”

PWFP sales director Tim Crane says: “Nationwide has long been established as the people&#39s champion in the world of personal finance. It has successfully retained its crown as the best-reported financial services company in the UK. Mortgages and savings were its particular areas of strength in 2001. Once again, Fidelity dominated the investment pages and easily outperformed competitors.”


ScotMut urges axing defined payment

Scottish Mutual is calling on the FSA to drop the defined payment rules from its depolarisation proposals. It says these has been unnecessarily bundled in and are not required to introduce greater competition. Many IFAs will carry on as before merely dropping the independent epithet, it claims. Pensions and investments development director Leslie Gray says […]

Alexander Forbes buys 60% stake in actuarial firm

Alexander Forbes has taken a 60 per cent stake in consul-ting actuaries Lane Clark & Peacock for £27.6m.The deal, which values the actuary at about £46m, inc-ludes the option for Alexander Forbes, which has a big IFA business in the UK, to increase its stake to 80 per cent after three years.While the two companies […]

AIG cuts waiting PMI deal

AIG Europe is offering a private medical insurance plan so customers can avoid NHS waiting lists for minor ailments.The company says the Healthnow plan is available at a third of the cost of many PMI policies.The plan guarantees an immediate appointment with a consultant for less urgent medical conditions, including hernias and hip degradation, which […]

Rising pay, low rates to boost house prices

The UK housing market continues to defy the global downturn, with prices set to rise by 6 per cent by the end of the year, according to figures from Nationwide.Its monthly survey shows that house prices rose by 0.2 per cent in January to £93,231 from £93,045 on a seasonally adjusted basis, with the number […]


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