News - Pension reforms ’spark job fears’
Posted on October 31, 2007 - Filed Under Business insurance | Leave a Comment
Originaly from: News - Pension reforms ’spark job fears’
One in five firms will cut jobs if they are forced to pay into pensions for their employees, a British Chambers of Commerce (BCC) survey has suggested.
The survey of 800 businesses, mostly small and medium-sized firms, also said over a third would have to freeze wage increases […]
Read More...News - Britannic Group MD steps down
Posted on October 30, 2007 - Filed Under Business insurance | Leave a Comment
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The managing director of troubled insurance group Britannic is to step down after just nine months in the job.
Bryan Portman will hand over the reins next month to finance director Paul Thompson, who becomes chief executive.
Mr Portman is the second big departure in 18 months at the group. The […]
Read More...News - Italy to unveil market reforms
Posted on October 30, 2007 - Filed Under Business insurance | Leave a Comment
Italy may water down its planned reform of the way the country’s financial market are regulated following concerns the changes could hamper business.
Prompted by the scandal surrounding food company Parmalat, the cabinet of Prime Minister Silvio Berlusconi is set to approve a draft law on Tuesday.
Economy minister Giulio Tremonti had called for wide-ranging […]
Read More...News - Insurance: Your questions
Posted on October 29, 2007 - Filed Under Business insurance | Leave a Comment
BBC Radio 4’s Money Box Live was broadcast on Monday, 5 July, 2004 at 1502 BST.
On Monday’s Money Box Live, Paul Lewis took your questions on insurance and put them to the experts.
We were joined by:
Richard Mason, Insure Supermarket
Angela Darling, General Insurance Standards Council
Malcolm Tarling, Association of British Insurers
Producer: Sam Washington
Presenter: Paul Lewis
[…]
News - Carphone Warehouse fined £245,000
Posted on October 29, 2007 - Filed Under Business insurance | Leave a Comment
Read http://news.bbc.co.uk/1/hi/business/5322994.stm
Carphone Warehouse has been fined 245,000 by the Financial Services Authority (FSA) for mis-selling insurance for mobile phones.
The company failed to give 118,000 customers important documents including policy summaries, the FSA said.
Carphone Warehouse continued selling the insurance for seven months last year, even though it knew its sales procedures were breaking FSA rules.
The company […]
News - US black publishing magnate dies
Posted on October 29, 2007 - Filed Under Business insurance | Leave a Comment
The founder of a black publishing firm in the US that helped to change cultural and racial stereotypes after World War II has died aged 87.
John Johnson used a $500 loan secured on his mother’s furniture to build a magazine empire that turned him into one of America’s richest men.
His magazines Ebony and Jet were […]
News - Minimum wage ‘not costing jobs’
Posted on October 28, 2007 - Filed Under Business insurance | Leave a Comment
Originaly from: News - Minimum wage ‘not costing jobs’
The national minimum wage is having a wider impact on wages than was foreseen when it was introduced in 1999, but has not cost jobs, a report says.
The hourly rate increases from 4.50 to 4.85 on Friday, and is setting the pay agenda for a range of […]
Read More...News - Reform stalls as Japan poll looms
Posted on October 28, 2007 - Filed Under Business insurance | Leave a Comment
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Japan’s economy could face difficulties in the run-up to a snap election, called by its prime minister after MPs threw out a key part of his reform agenda.
Junichiro Koizumi’s government has been trying to privatise Japan’s massive post office, which holds more than $3 […]
Read More...News - Pru ‘rescues’ Equitable policies
Posted on October 27, 2007 - Filed Under Business insurance | Leave a Comment
Source: News - Pru ‘rescues’ Equitable policies
The Prudential insurance company has come to the rescue of 50,000 policy holders with the stricken Equitable Life pension company.
The Pru is buying up Equitable’s with-profits annuity policies.
Under the Pru’s control these pension policies should benefit from higher investment returns in the future.
Pensioners with these policies saw their pensions […]
Read More...News - Big windfalls for insurance workers
Posted on October 26, 2007 - Filed Under Business insurance | Leave a Comment
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Hundreds of office workers in south Wales are to receive an average windfall of around 37,000.
Their employer, insurance firm Admiral, is selling off a stake worth about 10% of its value.
Around 1,400 staff in Cardiff and Swansea, who are members of the company’s share-ownership scheme, are expected to qualify for the […]
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