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News

Investment

FSA to address fund switch 'inconsistencies'

The FSA is set to address concerns it will create an "unlevel playing field" by permitting trail commission to continue on fund switches within life policies set up pre-RDR, but not on other products.

clock 29 February 2012 •

Regulation

ABI bemoans FCA's 'adversarial' remit

The Association of British Insurers (ABI) has criticised the 'adversarial' remit of the industry's proposed new regulator, the Financial Conduct Authority (FCA).

clock 29 February 2012 •

PMI

Bupa: Only 2% of complaints reach FOS

Bupa has become the second insurer to give further clarity about its complaints levels, suggesting providers may want further details to be published by the Ombudsman to put figures into a wider context.

clock 29 February 2012 •

Economics / Markets

Banks borrow €529bn from ECB in latest debt deal

European banks have borrowed €529bn from the European Central Bank (ECB) in the second tranche of its three-year long-term refinancing operation (LTRO), asking for more support than forecast.

clock 29 February 2012 •

Economics / Markets

Boost to bulls as US Q4 GDP revised up to 3%

US GDP for the fourth quarter of 2011 has been revised up from 2.8% to 3%.

clock 29 February 2012 •

Whole of Life

Aegon publishes State death benefits guide

Aegon has published a guide to State bereavement payments that will be issued with all death claim packs.

clock 29 February 2012 •

Regulation

AIFA to examine impact of long stop absence on industry

The Association of Independent Financial Advisers (AIFA) has launched a campaign to help advisers protect against long-term liabilities.

clock 29 February 2012 •

Term Assurance

Half death claims made for those under 55

Half the life insurance claims received by Scottish Provident last year were made for those under 55 years old, the insurer has revealed.

clock 29 February 2012 •

Regulation

FSA warns on provident society investments

The Financial Services Authority (FSA) has warned shareholders in industrial and provident societies about the suitability of their investments and the risks they face.

clock 29 February 2012 •

Employee Benefits

Govt spends £2.5bn per year on police pensions

Government spending on police force pensions is "unaffordable" and not "fit for the modern world", a report has claimed.

clock 29 February 2012 •
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