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Widows faces policyholder complaints

Scottish Widows is denying that a complaint brought by a group of disgruntled policyholders has anything to do with differential treatment of guaranteed annuity rate holders.

Widows says it is happy to meet with the Ombudsman to discuss the issue.


Scottish Mutual takes multi-manager on board

SCOTTISH MUTUAL INVESTMENT INTELLIGENCE Aim: Income and growth by investing in Inscape cautious, steady and higher growth funds and six Attica multi-manager funds. Minimum investment: Lump sum £5,000 Investment split: Choice of cautious, steady and higher growth funds Income facility: Monthly, quarterly, four monthly, half yearly, annually Charges: Annual depends on fund Commission: Initial 6.25% […]

Gong but not forgotten

The Diary is rightly outraged that one or two ungrateful journalists did not show up to the ABI awards last week, including a certain best up-and-coming national journalist category winner, the Daily Mail&#39s Matt Kovac, who was apparently on a story at 9pm.This must be the first time in financial services history that anything has […]

WP bonds &#39could miss out in market recovery&#39

IFA Bestinvest is warning investors to steer clear of most with-profits bonds under current conditions as they are unlikely to benefit from the full effects of a stockmarket recovery.In its latest guide, Bestinvest says only life offices with good financial strength are worth considering as many need to replenish weakened reserves and cannot offer satisfactory […]

Pru and AbbeyNat in distribution link-up

Prudential and Abbey National are setting out their stall ahead of depolarisation with a deal to sell each other&#39s products.Under the agreement, Abbey will initially white-label the Pru with-profits bond until depolarisation, after which it will retain the Pru branding.The Pru will cease to manufacture protection products and instead white-label Abbey National-owned Scottish Provident&#39s products […]


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