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Rate guarantee on B&W savings plan

Bristol & West is launching a savings account with a lifetime guaranteed rate. The Easylife account gives an introductory rate of 4 per cent for the first six months before switching to a level no less than 1 per cent below Bank of England base rate for the rest of the life of the account. Minimum balance is £100.

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Gittings quits FSA after only five months

FSA director insurance firms David Gittings is quitting his job after only five months to join the board of Wellington Underwriting.The FSA stresses there was no acrimony or dispute over policy despite the short notice period – Gittings is set to leave the regulator and take up his new job next Monday on September 16, […]

IFAs take more term sales at expense of bancassurers

IFAs increased their share of the term insurance market at the expense of bancassurers last year, according to the latest sales figures from reinsurer GE Frankona.Overall, the market for term increased by 28 per cent year on year to 1.35 million policies from 1.05 million policies in 2000.For level term, IFAs strengthened their market position […]

Rothschild chief executive to join Deutsche

Rothschild Asset Management chief executive Paul Manduca will join Deutsche Asset Management in December in a move widely predicted by the industry.Manduca will become DAM&#39s CEO for Europe after announcing last week that he did not expect to have a future role with RAM now the company was seeking a buyer or merger partner.He will […]

Plimsoll aid to buying or selling firms

A new website aimed at IFAs looking to make acquisitions or sell their firms has been set up at www.whatcompany.co.uk by Plimsoll Publishing.Plimsoll, which researches the performance of the IFA sector, says there are many firms on the acquisition trail.It believes the site will help owners of IFA firms gain a better understanding of what […]

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