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Virgin in stakeholder fines warning

UK firms could face total fines of up to £2.5bn for not meeting the

Government&#39s stakeholder regul-ations, according to Virgin Direct.

According to Virgin&#39s research, there are around 50,270 comp-anies which

have yet to act on their stakeholder compliance duties and could face fined

of up to £50,000 by Opra.


Outside edge robert reid

The other day, I had the benefit of a new virus, which disabled my pc, butthe support I received from the technical desk at my anti-virus softwaresupplier made me feel quite relaxed about a very serious problem. In contrast, the attitude of some product providers still leads a lot tobe desired and an increasing argument […]

Waiver dual rule set to be dropped

The General Insurance Standards Council and Aifa are waiting for thego-ahead from the FSA to end dual regulation of IFAs selling waiver ofpremium on general insurance policies. Aifa has been in discussion with the GISC for months, arguing that IFAswho sell general insurance policies such as waiver of premium with life andpension products are sufficiently […]

The Daley Update

Schroders is to raise the annual charge on six of its unit trusts –Schroder Pacific, Tokyo, UK equity, income, gilt & fixed interest andEuropean – by 0.25 per cent to 1.5 per cent from November 21 Lincoln Unit Trust Managers is offering discounts of up to 4.75 per centon its unit trusts and Isas until […]

Maggie Evans

When musing over the customer retention issues facing IFAs, the message isclear – it is not why but how. We all know and accept the (varying)statistic that it costs eight times more to recruit a new customer than itdoes to retain one. Although the argument is compelling, few firms haveaddressed the issue. A study carried […]

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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