View more on these topics

Widows widens windfall net

Hundreds more policyholders at Scottish Widows will receive pay-outs under proposed amendments to windfall rules.


Customers with policies maturing between June 22 1999 and March 3 2000 and second-hand traded endowment policyholders who previously were going to lose out are now set to receive the windfall.


The amendments are part of the proposals package 1.5m policy-holders will vote on December 22. Three quarters of voters will need to support the changes if the excluded policy-holders are to be brought out of the cold.


Scottish Widows press officer Paula Sutherland, said: “We appreciate the definition of membership needs to change to include.”


Recommended

C&G thumbs up for home trade plans

Cheltenham and Gloucester have given the thumbs up to Government&#39s plans to reform home buying and selling.The lender is using the Government&#39s new Seller&#39s Information Pack in a Bristol-based pilot test on 250 people selling their homes.The recently launched pack includes a “Property Inspection and Condition Report” a draft contract, plus searches, guarantees, lease and […]

Halifax mortgage share static

Halifax has failed to increase its share in the mortgage market in the last six months of this year.The has bank announced its market share is set to hold steady at 7 per cent net and 15 per cent gross for the last half of this year. This is similar to figures for the first […]

NCC call for clarity

The National Consumer Council is calling for greater transparency from financial services companies when they collect website user&#39s personal data.In a report the NCC said all websites should show easy-to-understand statements on their collection and tracking practices to protect the consumer privacy.The watchdog is asking for comments on the report by March 2000 and ultimately […]

Lenders call to drop compulsory insurance

Specialist mortgage lenders are calling upon the Government to abolish compulsory insurance and make redemption charges clearer. Lenders made their views known at the second of a series of mortgage “summits” with trade and industry secretary Stephen Byers.Byers met nine lenders who argued redemption penalties should be expressed as a cash sum and should not […]

9 October thumbnail

Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment