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NS&I sees sales surge

National Savings and Investments increased sales of its products by 9 per cent to £11.2bn in the year to March 2003, up from £10.3bn the previous year.

The Government-backed savings and investments provider saw sales of Premium Bonds rise to £4.75bn over 2002/2003 and have seen monthly sales soar since then with £1.1bn sold in May 2003.
NS&I chief executive Alan Cook says: “Our growth during the past year has been driven largely by a flight to safety and the 100 per cent security offered by our products. Savers and investors have also taken advantage of our improved distribution channels and invested considerable amounts of money in our Premium Bonds and Guaranteed Equity Bonds.”


Friends Prov International special offer on savings plan

Friends Provident International is offering a special offer on its savings plan.Available until December 31 the offer increases the standard allocation on many regular contributions.This means an investor putting in £250 a month for 21 years would receive an extra allocation of 40 per cent on top of the standard allocation of 102.5 per cent. […]

PMM loan introducer deal

Premier Mortgage Management is offering IFAs a “third option” before mortgage regulation starts in October 2004.The company is marketing IFAs with the concept of becoming a PMM introducer as an alternative to direct authorisation with the FSA or indirect authorisation via a principal.PMM says it a simple, cost-effective, more financially attractive option, with the cost […]

New qualifications launched at CII conference

The Chartered Insurance Institute has launched a new qualifications framework for the UK insurance and financial services industry. Following on from industry consultation, the framework incorporates existing subjects and includes three levels of qualification – the Certificate in Insurance, Diploma in Insurance and the Advanced Diploma in Insurance. Students will work towards a set number […]

Pensions simplification not the answer says Bamford

Sofa chairman Nick Bamford believes pension simplification is not the answer and will only add another layer of complexity on top of what is already there. Speaking at the Chartered Insurance Institute conference in London, Bamford said that while simplification sounds good and is a positive goal, he does not believe it will work as […]

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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