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Three’s a crowd

Our occasional series of look-a-likes continues with Winterthur technical wizard Andy Boyt and a menage a trois of mammoth proportions.

Andy’s kind colleagues have sent in convincing evidence that he was separated at birth from the overrated Phill Jupitus and still reasonably funny Johnny Vegas. Their similar ages, facial hair and, of course, girth are uncanny.

l Prompted by the ABI and FSA’s recent football match, the IFA Defence Union is canvassing members about similar sporting duels with the regulator – all in the name of good clean fun and charity, of course. American football, boxing and the Diary’s favourite suggestion of mud wrestling have all been put forward.

The IFADU warns the regulator that it will not tolerate any moving of goalposts, making up the rules on the hoof or, naturally, any hint of retrospective refereeing.

Waistband of brothers


With-profits values could rise by 3%

With-profits shareholders could see an increase in values of up to 3 per cent under amendments to the policyholder/shareholder split of assets announced by the FSA.

Kensington widens e-commerce service

Kensington has launched automated valuations and electronic identification as part of its K-net e-com- merce platform. AVMs and e-IDs are free to brokers but packagers are only entitled to free AVMs.

Warning over limits to pension consensus

The Tories have warned the Government that their position on pension reform is “consensus with limits” and urgent work is required to address their concerns. At a Scottish Widows and Age Concern fringe event, Shadow pensions minister Nigel Waterson Waterson said: “We are in consensus mode for the right reasons. But it is consensus with […]

PPF tells trustees not to copy its derivatives strategy

The Pension Protection Fund plans to diversify its investment portfolio and improve its returns through the use of derivatives. Its latest statement of investment principles reveals a marked shift away from the current 100 per cent bond investment strategy to include equities and property. It plans to hold 50 per cent in global bonds, 20 […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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