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Users of The Exchange&#39s Exweb portal exceed 100,000

The Exchange has announced the process of over 100,000 new business transactions for IFAs via its Exweb portal and the firm says the figure demonstrates the popularity of the newly enhanced Exweb trading platform.

The Exchange managing director David Child says: “Providers and intermediaries alike recognise that e-commerce is the most effective way to make the sales process more efficient and reduce costs and our aim is to ensure that Exweb offers the industry the capability to handle the majority of electronic new business transactions.”

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Tenet bid for Lifeboat hits the rocks

The Tenet Group has called off plans to take over the Lifeboat Group following advanced discussions with the administrators. Tenet says it had hoped to make an announcement today regarding the purchase of Lifeboat Financial Advisers and Simply Assured Direct but was unable to agree terms with the administrators BDO Stoy Hayward in an acceptable […]

&#39Start saving earlier to avoid student debt&#39

Edinburgh Fund Managers says soaring levels of student debt means parents should start investing earlier for university fees. The firm points to statistics from the Department of Education showing that the average debt of students leaving university last year was £9,000. Its InvestIT for Children product offers a choice of nine investment trusts. Minimum investment […]

Talkback

“Yes. Flexibility and choice are always a good thing although there are certainly less speculative investment options.”Rory Clayton, Manor House Financial Services “No. I think anything to do with pensions should be regarded as a long-term investment and not a shortterm gamble.”Robert Cunningham, Murrell Asset Management “No. If the fund went into the red, it […]

Universal Provident – Lifeline

Type:Two-year renewable term assurance Minimum sum assured/premium: £1,000/£3 Minimum term: Two years Options: None Charges: Implicit Commission: Initial 80%, renewal 7.5% Tel: 0870 160 5819

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