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PIA issues warning over end of year deadline for phase one

The PIA has issued a warning to firms about missing the December 31 1998 deadline for completion of phase one of the pensions review.

PIA Chairman Joe Palmer says: &#34The significance of this deadline has been made clear since it was set in Spring 1997.&#34

He added that the introduction of the PASS review means that there are no excuses left for failing to complete these priority cases.


MP seeks to compel IFAs to ask &#39the ethical question&#39

Financial advisers could be compelled to ask clients about their ethical and environmental concerns under a bill proposed by Labour backbencher Tony Colman.The Financial Services (Ethical Considerations) Bill presented in the House of Commons last week would require the Financial Services Authority to issue guidance to financial advisers compelling them to &#34ask the ethical question&#34.In […]

Standard Life launches fund manager by promising active Cat

Standard Life Investments has given a dramatic boost to the Treasury&#39s Cat standard project by announcing plans to offer an actively managed cat-marked individual savings account.The fund manager has yet to finalise the design but believes that it can offer an actively managed investment portfolio while still keeping annual management charges below the one per […]

Royal & SunAlliance axes two directors

Royal & SunAlliance is axing two directors in a shake up designed to bring together the functions of group strategy, mergers and acquisitions, investor relations and communications.Acquisitions and disposals director Michael Hesketh and communications director Mike Jones are to lose out with the creation of a new department, called the office of the group chief […]

A&L cuts flexible mortgage rate

Alliance & Leicester is cutting its flexible mortgage rate to 7.49 per cent from 7.64 per cent after reductions in the Bank of England&#39s base rate.A&L&#39s flexible mortgage lets borrowers make overpayments which cut total interest repayments. This could shorten the term of the mortgage. There is no minimum or maximum overpayment and borrowers can […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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