Unions representing 1.5 million local council workers are to ballot for strike action over plans to raise their retirement age from 60 to 65. These workers were excluded from DTI Secretary Alan Johnson’s deal with other public sector workers.
The FSCS is set to refund a surplus of 42m to relevant firms in the general insurance contribution group before the end of the financial year 2005/6. This is partly a result of lower than anticipated compensation payments in the sector. It is also unlikely to raise a levy in 2006/7.
Old Mutual has declared its offer for Skandia as wholly unconditional remaining open until February 9, with final settlement expected by February 17 2006.72.3 per cent of Skandia’s shareholders have now accepted the offer, with the firm announcing an extraodinary general meeting for February 21, to elect a new board. Skandia’s UK arm says it […]
The watchdog policing claim- chasers has come under siege with a string of reprisal attacks and death threats. The Claims Standards Council, which has vowed to rid the scandal-hit sector of abuses ahead of regulation this year, says its staff have suffered physical and verbal abuse, including death threats, and its headquarters have been burgled. […]
Aegon has released its rejected claim statistics for the first time, showing that it paid out on 72 per cent of critical-illness claims overall last year. Across all product ranges, Aegon-owned Scottish Equitable Protect paid out on 82 per cent of claims in the year to September 30, with payouts tot-alling 22m. Of the 18 […]
By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]