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NPI boss jumps ship for NatWest

Alastair Lyons has quit as NPI chief executive to join NatWest as director of corporate projects. NatWest is currently fighting a £22bn takeover bid from the Bank of Scotland. Lyons was a key architect in NPI&#39s sell off to AMP during his two and a half year tenure at the former mutual.


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Co-op claims Isa success

The Co-operative Insurance Society claims Isas are a great success. CIS says 85 per cent of its regular Pep savers have converted to Isas, and 75 per cent of life Isa account holders have never held a Pep or Tessa.CIS general manager marketing Martin Clarke says: “The survey shows Isas are proving a success contrary […]

Budget victory for FSA

Donald Cruickshank&#39s recommendation to give the Financial Services Authority additional duties to regulate competition was rejected in the Mini-Budget.The move is seen as a victory for FSA chief executive and chairman Howard Davies who will not be forced to ensure the market place in financial services is competitive.Instead the Office of Fair Trading and a […]

Halifax and Nationwide push up mortgage rates

Following on from Abbey National, Halifax and Nationwide have announces they are also raising their standard variable mortgage rate by 0.25 per cent. The Halifax rate will rise to 7.24 per cent from 6.9 per cent with immediate effect for new customers and from December 1 for existing borrowers.Nationwide has pushed up its rate to […]

IFAs hit back at &#39less trustworthy&#39 jibe

Yawning IFAs are congratulating financial research internet firm The Motley Fool for aptly naming itself following its claim IFAs are less trustworthy than bookies.The survey, by ICM, asked 1,000 people if they trust bookmakers to give fair odds and if estate agents operate in the clients best interests. After telling interviewees IFAs receive commission it […]

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