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Standard Life banks on video in drive to IFAs

Standard Life is posting 20,000 videos hosted by BBC news anchorman John Humphrys to IFAs as part of a publicity drive for its new banking facility.

The short video, which IFAs will receive this week, will show Standard Life general manager Jim Spowart being quizzed by the Radio 4 Today programme presenter about the bank&#39s facilities.

The video is part of a £30,000 pre-Christmas promotion to raise IFA awareness of the phone banking service.

The bank, called Personal First, will launch its Scot Direct Access Savings Account in early January – two months later than planned.

A Standard Life roadshow will be touring 14 cities and towns across the UK starting this week and ending in early December.

Spowart says: "We had initially intended to launch the new bank in November but because Christmas is coming up we have decided to delay it until the first or second week of January to gain maximum impact.

"We want IFAs to know why we are moving into banking and how they will be able to earn commission by offering our services to customers."

Spowart believes the interest-earning current account will offer competitive rates comparable with banking facilities offered by Tesco and Sainsbury.

Standard Life also hopes to launch a corporate telephone banking facility in late January or early February. It plans to offer endowment policy transfers, mortgages and personal loans in the future.


Eagle compensates broker

Eagle Star has paid £1,500 in compensation to a Sussex-based IFA over an approach to a client by its now defunct direct salesforce. The firm, Lilley Cohen, received the payment as a result of a row over an approach by an Eagle Star salesman to one of its clients holding a commercial mortgage with the […]

The Asian ripple rolls on to Latin America

While all eyes were focused on Asian stockmarkets, the fact that Latin America has had its own bungee-jumping markets went largely unnoticed. Brazil was the worst-hit of the markets, falling by 22 per cent in a single week. When the overvalued real came under pressure from currency speculators, nervous investors began to fear a rerun […]

ScotEq extends its range

Scottish Equitable is extending its pension range with four new funds. Three funds are aimed at investors seeking an above-average level of risk while the fourth, UK equity income, is aimed at medium-risk investors. The European smaller companies fund is aimed at achieving first-quartile performance over a rolling three-year period. European Tactical invests in all […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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