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Penrose report finally near publication

The long awaited Penrose report into what went wrong at troubled insurer Equitable Life looks likely to be published the week of February 23. The 800-plus page report was expected to be made public earlier this month, but speculation over the weekend suggests it will be later due to the “legal complexities” of going through the document and preparing the Government response.

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Big deal

I was interested to read that two loss-making firms, Inter-Alliance and BBB, propose to merge (Money Marketing, January 22). However, each company has demonstrated that big is not necessarily beautiful. My practice is a firm believer in providing clients with the opportunity to obtain independent financial advice from both local and national firms but I […]

ABI survey shows faith in pensions and savings edging up

The ABI is claiming that confidence in saving is creeping up following the release of the latest results of its pensions and savings index. The survey of 2,479 people in January shows a “small but significant” change in attitudes and confidence levels, with trust in the Government&#39s pension policies rising slightly to 17 per cent […]

FSA finds lenders have adequate controls for self-cert

The FSA has freed mortgage lenders from the blame cast by TV and national press by releasing a review into self-certification mortgage application fraud which says lenders have adequate controls for dealing with application fraud. The research came off the back of the October 2003 screening of the BBC&#39s Money Program, in which it was […]

Liverpool Vic ties up Boots life deal

Friendly society Liverpool Victoria has joined the procession of insurers aligning themselves with major retail outlets, with a deal to sell life insurance through Boots. In contrast to other insurers, it will offer a free advice line for customers to seek guidance on their insurance needs from a specialised adviser. A typical policy will see […]

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Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.

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