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Personal Touch&#39s Allison promoted to md

Non-regulated network Personal Touch Insurance has announced the promotion of strategic development director Mike Allison to managing director.

He replaces Martin Wilson, who is to take up the role of chief executive.

Allison had been in his previous post since April, 2002 where Private Touch says he has been responsible for the growth of the company which has seen its turnover double over each of the last four years.

He says: “Personal Touch insurance is a dynamic company with a clear business expansion strategy. In my new role, I will be aiming to take the company forward in offering an ever wide range of services, products and support for intermediaries as they face up to the new challenges of regulation in 2004.”


Chartwell Investments – Chartwell Capital Secure Plan

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-no maximum, £7,000 Isa Term: Six years Guarantee: Original capital returned in full regardless of performance in index Return: 20% growth at the end of three years if index grows by 20% or more, 30% growth at the […]

FSA needs to live up to expectations

AMP&#39s plans for its UK business present the FSA with the ultimate test of whether anyone should expect anything from policyholders&#39 reasonable expectations.If alarm bells were not ringing when the original AMP “Henderson” split was announced, they are now, as NPI policyholders have been told their with-profits policies are now simply bond and property investments […]

Network Data opens to smaller packagers

Network Data’s network for mortgage and insurance intermediaries will now be available for smaller mortgage packagers. Packagers will be able to become an appointed representative of Network Data, thus avoiding the costs involved in becoming directly regulated. They will also be able to make use of Network Data’s packaging software. As an appointed representative, the […]

First-time buyers a rare species

The number of first-time home buyers is plummeting and set to hit arecord low this year, according to research from Nationwide.It says that if the current trend continues, the number entering themarket will drop to 400,000, falling below its lowest-ever level of1995 when the total was 435,000.Its monthly house price report found activity in the […]


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