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Prudential rings in the changes

Prudential has announced a series of changes to its management structure as it prepares for the introduction of stakeholder and further development of its e-commerce strategy.

Prudential Corporate Pensions managing director Rodney Baker-Bates has been appointed chief executive of its new group pensions division. He will be directly responsible for stakeholder pensions.

Alan Smith who is currently in charge of the group&#39s pension review unit will also join group pensions as managing director of defined contribution and stakeholder.

Prudential Life and Pensions managing director David Harding has moved to become deputy chief executive of Scottish Amicable.

Current managing director of general insurance Alan Cook becomes managing director of retail insurance with responsibility for Prudential Life and Pensions and compliance.

Finally Martin Brownstein has been appointed head of group compliance.


Leeds & Holbeck launches two year fixed rate loan

Leeds & Holbeck Building Society is launching a two year fixed rate mortgage.The rate is fixed at 5.74 per cent until January 1, 2002 for loans up to 90 per cent loan to value. This rate increases to 5.98 per cent if the society&#39s Homecover insurance is not taken.The loan which carries a £295 administration […]

Byers promises crackdown on mortgage rip offs

Trade and industry secretary Stephen Byers continued his campaign against &#34rip off&#34 Britain by promising a crackdown on mortgage misselling according to the Financial Times.Byers told the Labour Party conference, consumers were being misled by mortgage contracts which failed to spell out penalties.He further outlined how he intends to give the Consumers Association the power […]

Pru appoints advisers for Egg flotation

Prudential has appointed Goldman Sachs to advise it on the flotation of its internet banking arm Egg reports the Financial Times.But the Pru denies any decision has been made regarding the timing of the float.The FT says it is unlikely the flotation will take place until well into next year, following the recent slumps in […]

FTSE International launches global indices

FTSE International has launched a fresh attack on Dow Jones in its continuing war over global domination of world stockmarket indices.To counteract Dow Jones&#39 launch of its Titans index based on the largest 50 companies in the world earlier this year. FTSE International has responded by launching the FTSE Multinationals and FTSE Global 100 indices.The […]


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