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Towry Law names Black as chief exec

Towry Law announced at its annual general meeting last week that Douglas Black is to become permanent chief executive. Black was brought in on a rolling 40-day contract when former boss Alan Wesley stood down in September after 23 years with the company.

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CU simplifies pension plans

Commercial Union has revamped its pension range with the launch of its Lifestyler and Optimiser plans. CU says it has changed these plans to meet the changing lifestyles and demands of people today. It believes there is a need for a simple and flexible pension products. The new plans offer two charging alternatives. The Lifestyler […]

Morgan Grenfell denies investment revamp

Morgan Grenfell Investment Funds is scotching rumours that parent company Deutsche Bank is to restructure its investment banking businesses. Speculators have suggested that the bank may ditch the Morgan Grenfell name.

PIA ready to probe drawdown business

The PIA is to crack down on income drawdown with a sweeping review early next year of the way the product is sold. The review has sparked fears that the PIA could fine and suspend advisers found to be non-compliant in the way they sell drawdown – one of the most complex areas of retirement […]

Abbey Nat makes self-cert debut

Abbey National is moving into the self-certification market for self-employed borrowers for the first time. It is offering the self-certification mortgage at 8.7 per cent up to 75 per cent loan to value. The product is being launched to brokers this week. It will not be available through the branches but will be offered direct. […]

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