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Out of context

•”Regulators would love to have the power to close people down unilaterally.” – FSA director of investment firms David Kenmir.

•”Please don&#39t make me describe him – there are loads of people around and it will only make me giggle.” – Scottish Widows press officer about new boss Robert Wyllie.

•”I was a Bros-ette.” – Hargreaves Lansdown senior analyst Meera Patel on her 1980s&#39 fashion crime.

•”I&#39m no domestic goddess.” – Financial Dynamics&#39Louise Dolan.

•”I&#39ll be the one on the floor.” – Dolan again, explaining how to recognise her at the MM annual boat party.

•”No I&#39m just eating a banana.” – Ex-MM teagirl and now Sunday Times reporter Helen “Monkey” Monks when asked if she had a cold.

•”I shall be wearing a taffeta ball gown, but the others will all be in jeans.” – Future Mortgages head of communications Richard Hurst on the dress code for a Twickenham rugby match.


Homebank axes Abbey in cross-sell row

National mortgage broker Homebank has branded Abbey National&#39s commitment to intermediaries as a sham and is striking the lender from its panel after it says Abbey repeatedly tried to cross-sell insurance policies to its clients.Homebank, which has 200 brokers across the UK, put Abbey on its panel a year ago but says it has had […]

Double indemnity

As the PI crisis escalates, advisers are still desperately seeking cover but the FSA has suggested a possible rescue plan for those struggling to get cover on their own.Speaking to the Treasury select committee recently, FSA chairman Howard Davies said the regulator&#39s analysis of the PI situation indicated that an industrywide mutual fund might be […]

Govett optimistic on Asia

Improving equity markets in Asia are making the region an attractive investment target, according to Govett Investments.The firm points to rebounding markets during October and the short-term effects of the US half-point interest cut as factors which have improved sentiment in the region.It acknowledges that spending in the region has become weaker but says export […]

Execs expect to relocate services

Two-thirds of senior life company executives believe part of their operations will go overseas, according to a survey by Marlborough Stirling. It found 40 per cent thought moving operations overseas would improve customer service, with 44 per cent saying it would make no difference and 16 per cent saying service would get worse.


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


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