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Virgin launches into credit card market

Virgin Money has announced it is breaking into the £84bn credit card market with the launch of Virgin Card in early 2002.

The card will be launched in partnership with MBNA Europe Bank, and will introduce a rewards scheme bringing the main elements of the Virgin Group under one roof.

Virgin chairman Richard Branson says: “The UK credit card market is crying out for more flexible, customer-focused products such as the Virgin Card. It&#39s extraordinary that the Big Four have somehow managed to cling onto over 60 per cent of the credit card market, after years of giving customers such poor value.”


Polarisation pendulum is still swinging

Sir Howard Davies has shed more dark on the matter of polarisation. He says the regime will change, with proposals in the New Year, but didn&#39t we know that already?Has the pendulum swung back towards multi-ties or is it more limited gap filling?The head of the review, David Severn, appeared a few weeks ago to […]

Moneyfacts launches pf and business websites

Personal finance data provider Money Facts has launched two new webpages, MFIC Money and MFIC Business, following its takeover of web directory the Information Channel.MFIC Money is a comprehensive personal finance web based directory with links to thousands of sites covering all aspects of personal finance including mortgages, banking and savings, life insurance, pensions and […]

FSA threatens clampdown on &#39misleading&#39 IFA Isa guides

The FSA is threatening to crack down on IFAs and discount brokers who produce Isa guides, saying it has serious concerns about the fund selection and the commission paid by fund managers whose products appear in them.Speaking at the Pep & Isa Managers&#39 Association Annual Conference last week, FSA managing director consumers, investments and insurance […]

Treasury fails to make EU insurance deal

The Treasury has failed to negotiate a UK exemption from EU legislation which states that all insurance intermediaries will have to become statutorily regulated.If the directive remains unchanged, it will mean the General Insurance Standards Council will either have to become a statutory regulator or the FSA will have to take over the regulation of […]


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