News - Watchdog targets bogus insurance
Posted on March 21, 2008 - Filed Under Finance insurance | Leave a Comment
The City watchdog has asked insurers and brokers to inform on firms that they think are committing fraud.
The Financial Services Finance and insurance training
(FSA) is particularly concerned about brokers failing to pass on premiums and insurance premium finance
customer details.
In addition, the FSA wants to be tipped-off when brokers issue bogus essential estate finance […]
Read More...News - Better deal for payment insurance
Posted on March 21, 2008 - Filed Under Finance insurance | Leave a Comment
People with payment protection insurance policies (PPI) will have unfair “nil refund” clauses removed from their contracts.
The Financial Services Authority (FSA) has struck a deal with the banking and insurance industry to remove these clauses from single premium policies.
PPI has been under intense criticism from the FSA and other authorities.
The insurance is supposed to pay […]
Read More...News - Costlier pensions if rules change
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
The cost of buying a personal pension will rise if a planned change to the rules governing pension sales is brought in at the end of the year.
The change, proposed by the Financial Services Authority, will relax the rules about what financial advisers have to tell customers when pensions are sold.
That is expected […]
Read More...News - Costlier pensions if rules change
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
The cost of buying a personal pension will rise if a planned change to the rules governing pension sales is brought in at the end of the year.
The change, proposed by the Financial Services Authority, will relax the rules about what financial advisers have to tell customers when pensions are sold.
That is expected […]
Read More...News - Zurich settles bid-rigging charge
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
Zurich Financial Services has agreed to pay $153m (88m) to settle insurance bid-rigging charges by three US states.
The agreements with New York, Illinois and Connecticut bring to about $325m in such personal finance insurance it has made in the US.
Zurich was accused of conspiring with other insurers to fix prices for certain policies. It has […]
Read More...News - Wales: Financial disaster?
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
Smaller banking finance insurance job uk
financial advisers like Treorchy’s Lifestyle Financial Choices tend to be members of a network.
Commissions from insurance companies are paid to IFAs like Lifestyle through the network.
Lifestyle claims that the closure of network company Interlink has cost them 100,000.
David Westcott is a Director of Lifestyle Financial Choices.
Cash inflow […]
Read More...News - Consumer chief takes aim at finance firms
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
Peter Vicary-Smith is the new head of Which, formerly known as the Consumers’ Association.
He replaces Dame Sheila McKechnie, who died in January.
For nearly fifty years, Which has been one of the UK’s most powerful consumer voices.
As National Consumer Week draws to a close and the Financial Services Authority (FSA) prepares to start regulating mortgages from […]
Read More...News - Fewer firms face finance censure
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
The number of firms being found guilty of wrongdoing by the Financial Services Authority (FSA) has fallen in 2005, law firm Simmons & Simmons has said.
It calculated that the number of firms censured so far this year is 19, compared with 81 for the whole of 2004.
Late last year the FSA was criticised by an […]
Read More...News - AIG ex-boss avoids criminal case
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
The New York authorities company finance insurance premium estate finance fundamentals hill in insurance investment irwin management mcgraw real series irregularities at insurance giant AIG have dropped criminal charges against former boss Maurice Greenberg.
Attorney General Eliot Spitzer had brought a lawsuit accusing Mr Greenberg of personal finance the mcgraw hill irwin series in finance insurance […]
Read More...News - South Africa empowers black finance
Posted on March 20, 2008 - Filed Under Finance insurance | Leave a Comment
Workers and shareholders in South Africa’s financial sector are digesting the impact of a Black Economic Empowerment charter released late last week.
A feverish recruitment process could be about to take off as a car finance insurance personal quote tesco
of the reforms, in part because all firms in the sector are expected to require more […]