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Royal & SunAlliance stresses that fine cases predate merger

Royal & Sun Alliance Life & Pensions is stressing that its £225,000 fine by the PIA relates to pre-merger activity dating before 1996.

This was prior to the creation of a joint marketing operation for Sun Alliance and Royal Life.

The life office says that it was set an original date of July 31 1997 to complete 90 per cent of priority one cases which was the earliest deadline for any life office.

Royal & Sun Alliance says it remains committed to conducting the review swiftly to ensure anyone affected receives the appropriate redress.


Barclays says lending to be hit by declining confidence

Barclays is warning that consumer confidence in the housing market will continue to fall unless there is a further reduction in interest rates.The lender says that consumer confidence is an accurate predictor of market trends and it should lead to more subdued lending in coming months.It also says that the 16 per cent rise in […]

ONS to issue &#39European&#39 pink book

The latest edition of the &#39pink book&#39 will reflect the European style changes made to the UK&#39s system of calculating balance of payment figures There will be three main changes to this years figures published by the Office for National Statistics. Figures will be split by broad type of business, the net cash flow will […]


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