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Northern Rock shares fall after profit warning

Northern Rock has seen its shares drop from 113p to 834p after it warned that full-year profits will rise less-than-expected in tight market conditions.

This comes as Halifax Bank of Scotland recently announced that its share of the lending market was halved in the first six months of 2007 to less than 10 per cent from its normal range of 15 to 20 per cent.

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Ship seeks recruit to raise profile of equity release

Safe Home Income Plans is to appoint a full-time director general to raise the profile of the organisation and equity release.The decision follows a year-long review of Ship’s activities which was conducted by non-executive chairman Laurie Edmans.Edmans says the move is evidence of a commitment to increase the standards of advice for customers and IFAs.Ship […]

AIC urges FSA to mandate factory-gate pricing

The Association of Investment Companies is urging the FSA to mandate factory-gate pricing.AIC director general Daniel Godfrey says: “Of course, the price of the actual advice given should be made transparent, but it is even more important that investors should be able to buy directly from manufacturers at the net price.“This will mean that they […]

B&CE builds on benefit

B&CE Benefit Schemes is set to increase the life cover offered through its employee benefits product by 1,000.The cover, which is provided at no cost to the employee, is one of four benefits available through B&CE’s Template package, designed specifically for the construction industry.Life cover lump sums will increase from 21,000 to 22,000 with effect […]

Former WdB chief to lead HNW venture

Standard Life is planning a business focusing on very highnet-worth clients to be led by former Williams de Broe chief executive Richard Charnock.The new subsidiary of Standard Life Investments is said to be “many months” from launch. A team is being recruited and Charnock, who joined SLI in February, will become chief executive.The trading name […]

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.

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