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Zurich discusses deal with Capita

Capita Group is in talks with Zurich Financial Services concerning a potential business relationship. The business processing and outsourcing firm says the talks involve assistance with operations within Zurich’s UK life business. Zurich says talks are in early stages but has confirmed discussions are going ahead with relevant staff.

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Shake-up of senior management at TMB as directors leave for Deutsche Bank

Nigel Payne is assuming full responsibility as managing director of The Mortgage Business replacing current md Bill Dudgeon.Current TMB directors Bill Dudgeon, Mark Bergin, David Parry and Paul Graham are leaving the business to join Deutsche Bank at the end of September. Deutsche has been widely tipped to enter mortgage lending business by the end […]

Move with the times

Any innovation in the equity-release market is to be welcomed. Prudential’s Property Value Release product seems to have all the right features and the rate – at 6.45 per cent – is there or thereabouts. Portman charges 6.15 per cent while Mortgage Express charges 6.64 per cent. Northern Rock has a fixed rate of 5.99 […]

ScotEq helps plant contracting-out tree

Scottish Equitable is working with the FSA to design a contracting-out decision tree. The complexity of the issue means few intermediaries are keen to advise on the issue. The move coincides with the Government Actuary’s Department making its recommendations for the level of contracted-out rebates for the next five years. The GAD has ignored FSA […]

Fraud checks get red flag from Absolute

Insurers’ traditional methods of identifying likely fraudsters are outdated, discriminatory and cost the industry millions of pounds, says specialist fraud solutions provider Absolute Customer Management. Traditionally, insurers use red flagging which covers issues such as race, gender and the area in which a claimant lives. Absolute says this often means that young men, especially those […]

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