View more on these topics

Wells Street Journal: A sobering time for life office PRs

These are sobering times for the insurance industry, particularly if you were a life office PR trying to get a drink at last week’s ABI Media Awards.

Hosted at the 8 Northumberland Avenue hotel near Trafalgar Square, guests were invited during the awards ceremony to drink at the free bar until 10.45, before a cash bar came into operation.

Unfortunately, anyone trying to take the insurance trade body up on its kind offer from 10.20 onwards was politely but firmly informed that the free bar had already ended.

To compound the misery of any poor souls desperately trying to drink away the memories of the past few weeks of horror, the card machine behind the bar then broke, leaving them stranded among a sea of thirsty journalists.

In a room full of Meeja-types, who treat the idea of exchanging papers and coins for alcoholic beverages as a quaint historical custom, the panic soon spread.

The weak fled while the strong and the foolhardy stayed to endure the sawdust-inspired red wine that in the end was provided on the house to keep spirits up.

The lack of free booze was perhaps a blessing in disguise due to empty stomachs caused by the ABI’s canning of the usual three-course meal. Instead each guest simply got a tiny ice-cream during the awards.

If the onslaught on the insurance sector continues, perhaps a different Trafalgar Square location may be used to host next year’s event. Given the number of guests who left for a cheeky Big Mac during the awards, the answer to the ABI’s cost-cutting dilemmas could be just around the corner.

Follow the Wells Street Journal on twitter here

Recommended

Business-Growth-Drawing-Chart-Performance-700x450.jpg

ONS accounting overhaul set to boost UK savings rates

An overhaul of the UK national accounts is set to boost the official measure of savings rates by including future pension rights as current income, according to reports. The Office for National Statistics will alter the way it measures the economy by adopting new global accounting standards to gross domestic product and related measures in […]

CPD: Investment principles and risk

The latest edition of Newsbrief counts as 1 hour of structured CPD and covers the regulatory and marketplace changes which took place during March 2014. Visit the Money Marketing CPD Centre to answer 10 multiple choice questions and complete this CPD activity. Just click into your CPD Plan and you’ll find each month’s marketplace changes round-up in your activity list.

Money-Notes-Currency-GBP-Pounds-700.jpg

Interest rate swap redress reaches £598m

Banks paid out £116.4m in redress for interest rate swap misselling last month, taking total payouts to £598.4m. The latest FCA data, published this week, shows £116.4m was paid to 1,143 customers in March for missold interest rate swaps. A total of 4,573 customers have received redress since the scheme launched last August, with 1,485 […]

Stockmarket-Stock-Market-FTSE-Performance-700x450.jpg

AFH Financial chief exec sells 6% stake for £760,000

AFH Financial Group chief executive Alan Hudson sold almost 6 per cent of his stake in the company on Monday, taking his shareholding down to 48.31 per cent. Hudson sold 546,855 ordinary shares – 5.8 per cent of his stake – in the advisory and discretionary wealth management firm at a price of 139.99p per […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com