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Trade association won&#39t charge broker fees after Treasury decision

The Insurance Brokers Registration Council has decided that fees will not be collected from individual insurance brokers for the period 1 January to 30 April 2001 in light of the Treasury&#39s decision to repeal the Insurance Brokers (Registration) Act 1977 from 30 April.

Practising insurance brokers will be exempt from fees, but not brokers that are limited liability companies, as their fee would not have been due until 1 May 2001.

The Treasury&#39s move is the start of the transfer to a non statutory administration for insurance brokers.


Technological temptations

Framlington Unit Management – Nasdaq FundType: Unit trust.Aim: Growth by investing in the Nasda composite index.Minimum investment: Unit trust – £500 lump sum, Isa – £1,000 lump sum.Investment split: Technology 27.8 per cent, industrials 21.4 per cent, healthcare 17.2 per cent, consumer 15.9 per cent, telecommunications 12.1 per cent, financial 3.1 per cent, materials 2.5 […]

Banks overcharge consumers says Virgin survey

Virgin one has called for the UK banking sector to clean up its act in light of research of 2,000 consumers that revealed almost 50% of banking customers believe banks use small print to hide charges and only 28% are confident they have never been overcharged. Scott Mowbray, marketing manager for Virgin One, said: “The […]

CSFB to sell hedge funds to small investors

Hedge funds are to be sold to small investors for the first time next year by Credit Suisse First Boston. Traditionally used by the super rich to achieve very high returns on their cash, hedge funds usually have a minimum investment of £150,000. However, the CSFB fund will start at £7000 and can be placed […]

Regional differences in attitudes to endowment policies

Attitudes to endowment policies vary around the UK, according to a survey conducted by Surrenda-Link. The survey highlights consumers are concerned about shortfalls, endowment mortgage credibility and policy selling ability although attitudes vary in different regions. The biggest concern for shortfalls came from East Anglia with 54 per cent saying they were worried that their […]


Solving the UK productivity puzzle

Last week the Office for National Statistics (ONS) produced its latest estimates of UK productivity. These statistics – the first estimates for the 2014 year – should be a wake-up call for business leaders and politicians alike. 


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