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Sun Bank makes new board appointment

Sun Bank has appointed Liz Stephens as its operations director.

Stephens will be responsible for all service and processing of the bank&#39s business including residential and commercial mortgages, customer services and special projects.

She will report directly to the bank&#39s managing director Mark Sismey-Durrant.



Albany International launches Tep based product

Albany International is launching a new traded endowment policy based investment product on September 1.The Value Managed Account will invest wholly in the Tep Value Fund which is linked to the Low Risk Asset Fund managed by Scottish Value Management.It will primarily invest in Teps, although other types of low risk investment opportunities are not […]

Norwich Union Healthcare sets up IFA support team

Norwich Union Healthcare has set up a dedicated support team to backup IFA sales of private medical insurance.The Healthcare Bureau is NU&#39s response to IFA calls for a centralised unit for information and advice on PMI sales.The Sheffield based team will be backed by NU&#39s development consultants around the country.Its development manager Brian Gilfillan says: […]

Norwich Union produces explanatory Isa video

Norwich Union is aiming to tackle consumer ignorance over Isas by producing a free explanatory video.The free video entitled &#34The Isa Age&#39 will attempt to provide a set-by-step guide to Isa investment options and charges.NU Investment Funds director of sales and marketing Mark Skinner says: &#34The lack of understanding is highly alarming, investors are being […]

Decision opens way to sue CMC

Hundreds of City Mortgage Corporation borrowers are preparing to sue after a court ruled broker Capital Credit took secret commission from the lender. Haverford West County Court ruled CMC paid the Truro-based mortgage broker a £12,125 secret payment as part of a first refusal agreement binding the broker to recommend all clients take out a […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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