Royal Bank of Scotland subsidiary Mentor has had to suspend operations because insurance cover sold on its business advice given failed to make the grade under new general insurance regulations, The Daily Telegraph reports.
Mentor provides advice on employment law, health and safety, and general business advice, but also offers insurance cover on its advice should it land clients in front of employment tribunals. This puts the company in the same boat as some 40,000 other companies also affected by the new GI rules, The Daily Telegraph says. The FSA is set on checking how many companies may be trading illegally, the paper adds. ARGUMENT HAS ERUPTED over whether trustees of department store Allders’ final salary scheme should have told scheme members their pensions would be protected by either the Fina...
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