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NFU Mutual appoints new managing director

NFU Mutual has appointed Ian Geden as managing director.

Geden – who is a director of Mutuo, an organisation which campaigns for a better understanding of the benefits of mutuality – steps up from general manager, a position he has held for 3 years.

He succeeds Andrew Young, who has retired after 37 years with the society.


Treasure in the junk shop

There is an old adage in the bond market that goes: “When we or our clients own a bond, it is high yield. When someone else owns it, it is junk.”But despite the fact that the mere mention of the “J word” is still enough to send many IFAs running for cover, high-yield corporate bonds […]

ABI takes a step forward to merger with the banks

The ABI and the British Bankers&#39 Association have come one step closer to merging, commissioning a joint study on the merits of becoming one body.The governing bodies of both organisations say external consultants have been given the task of examining the practicalities of a merger and they hope to have the findings by the end […]

Mortgage brokers hit by VAT on MCCB fees

Mortgage brokers have been hit by the Mortgage Code Compliance Board adding VAT to fees.The sales staff fee has gone up from £85 per consultant to £100, the registration fee has risen from £20 to £23 and the fitness and propriety fee is now £117 from £100. This makes the total cost per sole trader […]

PI is sky high in 200% increase

IFAs face their biggest rise in professional indemnity cover since the height of the pension review, with premiums set to rocket by up to 200 per cent this year over insurers&#39 fears of endowment misselling.London PI broker Dickson Manchester managing director Charles Manchester blames the increases on fewer insurers providing cover, the endowment review and […]


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