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Waxing lyrical

IFAs are known for their smooth tongues but the smoothest back in financial services has to be that of Dunstan Thomas chairman Christopher Read.

In a bid for Big Brother-style glory, Read and his wife came up from Portsmouth to offer their services in The Salon, the Channel 4/E4 docu-soap.

Unfortunately Chris&#39s skills with the scissors went untested but he was used as a model – having his back waxed on the very first show. Chris says it is not as bad as it&#39s made out to be but Mrs Read now wants it done every week.


Bright Grey goes live

Bright Grey, Royal London&#39s protection arm, is accepting business from this week in a staggered launch which sees it going live first to users of the Assureweb portal.Products will be available on The Exchange in a week&#39s time and will be rolled out gradually to other IFAs.The launch comes 18 months after Royal London first […]

Verity&#39s view

Four years ago, I received a telephone call from one of that small but powerful clique of people who really run the life insurance industry. He asked me to meet him at one of his favourite pubs to talk off the record about something he felt was dramatically wrong. The company where he had worked […]

FSA decides against relaxing hedge rules

The FSA has decided not to relax rules governing the marketing of hedge funds after its consultation found no desire among IFAs and providers to sell them to retail investors.The regulator, which currently does not regulate long/short products, issued a discussion paper in August 2002 asking the industry whether access to hedge funds should be […]

Another huge fine for R&SA

Royal & Sun Alliance Life and Pensions has been hit with a £950,000 fine by the FSA for mortgage endowment-related failings.The action marks the second time the life office has been fined in less than a year. Last August, the FSA imposed a record £1.35m fine for R&SA&#39s second offence under the pension review.It was […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]


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