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SJP chairman Mike Wilson

St James’s Place chairman Mike Wilson was wrongly called Mark Wilson in last week’s profile. MM apologises for any confusion caused.

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Standard hit by pension lapses

Standard Life says it has seen pension lapses above expectations and will make further provision for lapses next month.Its new business results for 2006 show UK life and pension sales rose strongly by 69 per cent to £11.4bn from £6.7bn in 2005 on a present value of new business premiums basis.Standard set aside provision of […]

Cattle drive

Those crazy folk at Kensington Mortgage Company have done their fair share of odd stunts but they may have surpassed themselves last week.Not content with the entire male staff growing moustaches last year in the name of charity, their latest fund-raising trick was to ask journalists to invest in bull semen, yes, you read it […]

Biba brings out own range

The British Insurance Brokers’ Association is introducing loan, income and mortgage payment protection products through a tie up with British Insurance.Biba’s status as a trade body means eyebrows have been raised over the launches.Chief executive Eric Galbraith says the move is designed to improve consumer confidence in PPI following bad publicity over regulatory action taken […]

Bee points to opportunity in pension upheaval

The UK Shareholders’ Association has joined the Association of Investment Companies and leading advisers in warning that FSA plans to relax listing rules could result in a “disaster” matching the split-cap debacle.Consultation closes this month on FSA plans for international trusts that would waive the requirement for an independent board and to disclose cross-holdings. The […]

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