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Pru forced to change Egg advertising

Prudential is being forced to change the advertising on its Egg savings account after the Advertising Standards Authority upheld a complaint from Standard Life that the account was misleading.

The ASA issued an informal request for Pru to include a disclaimer that it can take 3 days to withdraw money. Pru is considering its response.

The ASA is still looking into a complaint about a 60-day clause which allows Pru to change the terms of the account without warning customers.


Big lenders split on housing market prospects

Halifax and Nationwide are split over the prospects for the housing market with Halifax still bullish but Nationwide predicting a downturn.The Halifax house price index rose 1.2 per cent in October compared to a 0.6 for the Nationwide survey. Halifax says house price inflation rose to 6.7 per cent from 5.4 per cent in September.Nationwide […]

Permanent offers third party health care adminstration

Permanent Insurance is teaming up with IT solutions specialists Sherwood International to offer Income Protection insurers a third party processing and administration service.The facility will offer full administration and processing support for PHI, CII and LTC plans for organisations launching these products and for companies with existing products which want to move to a specialist […]


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