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Standard Life gives Woollard platform

Standard Life has offered carpetbagger Fred Woollard a 500 word platform to make his case for demutualisation.

The company plans to write to its 2.3m policyholders next month to make its case for retaining its mutual status.

Woollard had requested access to Standard Life&#39s list of policyholders but, the company had refused on the grounds that such a move would violate the Data Protection Act.


Friends Provident warns policyholders over windfalls

Friends Provident has warned policyholders they might not automatically be entitled to windfalls when the life office floats on the stockmarket.Unless policyholders can prove that they qualify, they will not stand to collect any money.The life office says that a customer had to have requested an application form by May 3 to qualify, the day […]

Networks in offer to buy out retiring members

Networks M&E and Interdependence will use money from new partner MurrayJohnstone to buy out retiring members.The businesses will besold on to members who want to expand.Fund manager and venture capitalist Murray Johnstone became the majorshareholder in the networks when it contributed £7.25m to the recent £17mmanagement buyout.M&E chairman Barry Kayes says the benefits of the […]

The emperor&#39s new clothes

The last quarter has beena difficult period for investorsin Japan as theyhave seenthe themes which were so prevalent in 1999 fail dismally in 2000.The darlings of the New Japan era crashed spectacu-larly in March, withstockssuch as Hikari Tsushin andSoftbank producing very disappointingearnings&#39 news.Given the scale of the rises seen in 1999, especially at the small-cap […]

Towry Law bid for commission hike is rejected

Life offices have rebuffed an attempt by national IFA Towry Law to raiseits commission levels by 10 per cent, Money Marketing has learned.Towry Law demanded enhanced commission terms because of its increaseddistribution muscle followingthe acquisition of fellowIFA Advizas.But many life companies have rejected the proposal, fearing it could openthe floodgates for others, say industry sources.Towry […]

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Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


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