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SALTR standards could cost companies millions

The cost of implementing accreditation standards could run to millions per company says the ABI.

Under its Savings and Long Term Risk initiative beginning in October could cost up to millions per company to comply.

Compliance with the standards will be rewarded by a quality mark from the Pensions, Protection and Investments Accreditation Board, a new, independent body.

However, the ABI says that its member companies are keen to implement the standards and see them as worth it.


Portman orchestrates new deal

Portman Building Society is backing the Bournemouth Symphony Orchestra in a new three-year sponsorship deal for worth £200,000.Chief executive Robert Sharpe says the society&#39s first sponsorship deal with the orchestra, which began in 1998, has delivered on the many objectives set at that time.Sharpe says: “This has resulted in the Portman brand image being promoted […]

IFAs take 75% of CGNU&#39s business

CGNU have revealed that IFAs now account for more than three-quarters of its life and pension business in the UK.The newly merged life office saw UK life and pension sales rose by nearly 25 per cent to £479m from £384m in the first six months of this year, in equivalent premium income terms.The company says […]

Leeds & Holbeck considers name change

Leeds & Holbeck Building Society is considering dropping Holbeck from its name. The move is being contemplated because while Leeds is fast gaining a reputation as a financial centre, Holbeck’s status has been reduced to that of its neglected southern suburb. The society acknowledges its historic links with Holbeck, but is concerned that the name […]

Chelsea Building Society launches its first individual savings account

Chelsea Building Society has brought in its first individual savings account (Isa), the Chelsea Mini Cash Isa.Previously, the Chelsea has avoided the new Isa market because of its self-imposed minimum investment limit of £2,500. This was brought in to fend off carpetbaggers at a time when they were targeting the building society as a prime […]

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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