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Ship shape

The pressure is being piled on Scottish Widows to join equity- release trade body Safe Home Income Plans. A Money Marketing poll reveals that over two-thirds of our readers think Widows should join. Last month, Widows was ordered to change its Key Facts Illustration by the FSA after faults were uncovered.

So surely it is time the stalwart of the UK financial services joined the body that strives to prevent consumer detriment? It is a lone voice as the only major equity-release provider either not part of Ship or not to have applied for membership, and a market that has plenty of problems gaining consumer confidence needs a united front. Money Marketing thinks the Widow should stop staring out to sea from the shore and get on board the Ship.


Japan set for a quick recovery

Of all the world’s major stockmarkets the only one to fall in real terms from the beginning of this year to September 13 has been Japan which, in terms of the Topix Index, fell by 4 per cent but is now recovering.

Shop talk

About 15 years ago, shortly after becoming a journalist on this newspaper, I had an interview with a life office senior executive.

Defaqto deal for Find

Personal finance portal Find has bought Defaqto parent company The Independent Research Group in a move that has surprised the IT sector. A management buyout had been widely expected before the acquisition, which is believed to have cost Find £5m. Intelliflo chief executive Nick Eatock says: “If Find reuses Defaqto’s data in a consumer-facing channel […]

Openwork moves into motor, pet and travel insurance

Multi-tie network Openwork has today announced it is broadening its product range to offer motor, pet, and travel insurance, through a deal with broker Endsleigh. The offering will go live on the October 18 and comes as Openwork says it is keen to extend its general insurance offering with the new products added following feedback […]


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