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Raising standards consults on mergers

If a merger were to take place between two life offices both having the Raising Standards Quality mark, they could retain their kitemark according to proposals published by the scheme this week.

But if a life office were to take over or be bought by a rival without the quality mark, the other life office would have to meet certain key standards, the raising standards team says.

The Raising Standards team are looking to clarify what would happen if two life companies were to merge. The consultation closes on September 30.

Project director Stuart Tragheim says: “Raising Standards was designed to be dynamic and evolve over time to respond to the changing market conditions. If we see further consolidation, we must be absolutely clear on how the scheme applies when two brands merge.”


CIS quits WP endowments to focus on &#39modern products&#39

CIS is quitting the with-profits endowments savings plan market, saying it is looking to provide new with-profits products which are better suited to the post-Sandler environment. At the peak of the product&#39s popularity in 1996, CIS sold about 100,000 with-profits endowment plans in the first six month. However, in the first half of this year, […]

Healthsure – Futures

Monday, 19 August 2002 Type: Healthcare cash plan Minimum premium: Level one – £7 a month, £84 a year, level two – £22 a month, £264 a year Minimum-maximum ages: 16-65 Maximum benefit: Level one &#45 health screening £150, specialist consultations £150, x-rays/scans £100, eyesight test £25, level two &#45 health screening £450, GP consultation […]

High climbers choose Sheffield

Suburban Sheffield has the highest percentage of high earners outside London and the South-east, according to research by Barclays&#39 wealth management arm, Barclays Private Clients. Around 7.9 per cent of the residents of Hallam, a Sheffield suburb which backs on to the Peak District, earn more than £60,000 a year. Hallam is home to more […]

Over half of L&G&#39s life protection business submitted online

More than half of Legal & General&#39s life protection is submitted online by intermediaries using the company&#39s e-trading facilities. L&G says its online term assurance and e-protection services, launched in April, give advisers a straightforward way to complete transactions electronically. Housing and protection director says: “We have worked closely with advisers to develop relevant technology […]

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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