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NU goes live on Exweb Gold

Norwich Union is the latest provider to go live for policy valuations on The Exchanges Exweb Gold.
NU joins Friends Provident, Prudential and Standard Life on the service with Axa, Scottish Equitable, Scottish Widows and Skandia expected to join later this year.
NU head of ebusiness development Andrew Simon says: “Enhancing our ecommerce capability to allow real time valuations is key to our service proposition, making it easier for intermediaries to access valuations from NU.”
The Exchange managing director David Child says: “Further providers are due to join the service in the near future and as this number grows so does the efficiency and cost saving benefits Exweb Gold can deliver to intermediary businesses.”


Property rises to 46% of household assets

The surge in property prices over the last eight years has seen housing leap ahead of pensions, insurance and equities as a proportion of household savings. A report from the Office for National Statistics shows the value of residential property held by households soared from 1,200bn to 3,200bn between December 1996 and December 2004. Housing […]

TV quiz show host gets down to Earth

TV quiz show host Nick Han- cock is joining Earth Mort- gages as sales and market- ing director. Hancock, long-time host of sporting quiz show They Think It’s All Over, has joined the mortgage intermediary firm after meeting its directors earlier this year through a mutual friend. Earth chief executive and managing director Mike Worthington […]

The silly season…

The silly season is not yet behind us. Eager to keep us in the summer spirit, Abbey lets us know that more than nine million UK adults would buy relationship insurance, should such a thing exist. Can’t imagine many insurers would be willing to under-write the likes of Liz Taylor or Joan Collins, though.

‘Boutique’ battle is breaking out

Multi-manager T Bailey is delighted that the Credit Suisse incubator fund is endorsing its own views on the benefits of holding boutique funds but is critical of its “artificial restrictions” which exclude larger, more established funds.


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