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Norwich reveals £106m in payouts to reassure public

Story by: James Redgrave, Financial Adviser

Norwich Union paid out more than £106m in critical illness cover last year, up from £90m in 2006, according to new figures from the Aviva-owned insurance giant seen exclusively by Financial Adviser.

• Time published: 00:01
• Date published: 21.08.2008
• Published in: Insurance

BTL gearing level 'holds key' to surviving downturn

Hargreaves report spells out the risks and rewards of buy-to-let investing in the current climate

• Date published: 21.08.2008

Still room for more multi-manager funds - Thames

Asset managers Robert Burdett and Gary Potter celebrate their first anniversary with Thames River Capital

• Date published: 21.08.2008

Pursey joins CAL as finance and operations manager

Conveyancing Alliance Ltd has appointed Emma Pursey as its finance and operations manager.

• Date published: 21.08.2008

Hartford appoints Lieberman

Marc Lieberman is the new president and chief executive of Hartford Life Limited.

• Date published: 21.08.2008

Take up of Sheffield Isa more than doubles

Sheffield Mutual has announced a more than 100 per cent increase in people investing in its Stocks and Shares Isa.

• Date published: 21.08.2008

Plenty of long-term opportunities in the offing - Maia

The next three years will see plenty of long-term investment opportunities opening up for multi-managers, according to Maia Capital.

• Date published: 21.08.2008

HBoS says 425 jobs will go as TMB is closed for business

Intelligent Finance to be recast

• Date published: 21.08.2008

Home & Capital finds head of finance in Burgess

Home & Capital has appointed Sue Burgess as head of finance.

• Date published: 21.08.2008

Abbey rolls out FTSE capital protection plan

Company launches two versions of the plan, giving a choice of three or six years

• Date published: 21.08.2008

LV= to launch Oeic funds through LighthouseCapital

LV= Asset Management has launched four new multi-manager funds which are being distributed through LighthouseCapital and will be managed by Tom Caddick.

• Date published: 21.08.2008

Aldridge to head UK retail sales for Baring AM

Baring Asset Management has appointed Rod Aldridge as head of UK retail sales.

• Date published: 21.08.2008

Investec appoints McKendrick and Jones

Investec Private Bank has appointed Sarah McKendrick and Mark Jones to work with owner managed businesses, intermediaries and private clients based in the north of England.

• Date published: 21.08.2008

A&L International appoints acting joint managers

Alliance & Leicester International has appointed Simon Nuttall and Simon Ripton as acting joint managing directors.

• Date published: 21.08.2008

Worst is yet to come for banks: fund boss

Steer clear of bank bonds, says fund manager

• Date published: 21.08.2008

Rising arrears sees Britannia's pre-tax profits fall

Results for first half of the year sees building society's profits fall by £30m

• Date published: 21.08.2008

Advisers must think of the Children's Trust Fund

Child Trust Fund take up remains low

• Date published: 21.08.2008

Prepare to get bitten by emerging markets - F&C

Investors' confidence in emerging market performance is set to "turn around and bite" them an F&C Asset Management fund manager has warned.

• Date published: 21.08.2008

Recession opportunities should result in 'leaner' clients for IFAs

Report by Insurance Marketing Department Limited offers "good generic advice" - Towry Law

• Date published: 21.08.2008

Pink's Hornsby gets on his bike

James Hornsby, an analyst programmer for Pink Home Loans, has taken part in a London to Paris cycle ride in order to raise money for The Jennifer Trust for Spinal Muscular Atrophy.

• Date published: 21.08.2008

Property sector brightest north of the border, claims Lloyds TSB Scotland

Bank's latest survey reveals that house prices in the country rose by an average of 1.6 per cent in the past quarter

• Date published: 21.08.2008

Scots leading the field over sale and leaseback, claims survey

A Quick Sale claims this shows more homeowners are facing repossession in Scotland than anywhere else

• Date published: 21.08.2008

Pru looks to Man boss for chairman role

Harvey McGrath is named as new chairman

• Date published: 21.08.2008

Care funding different not better: Age Concern

The grass always seems greener north of the border, says expert

• Date published: 21.08.2008

Better customer contact will pay dividends for advisers - consultant

Financial advisers have been warned that they could see their incomes drop significantly in the coming months if they do not improve their customer servicing and interaction.

• Date published: 21.08.2008

Societies in call to boost tax-exempt plans' limits

It would be great for friendlies if tax-exempt saving plan levels were upped, claims Family Investments

• Date published: 21.08.2008

Mortgage Advice Bureau extends reach to include stand-alone brokers

Broker is looking for new business streams

• Date published: 21.08.2008

It could be you for Towry

Adviser gets signed up by Camelot to offer advice to big winners

• Date published: 21.08.2008

Pickering signs up to Best Trustees

Watson Wyatt consultant joins company

• Date published: 21.08.2008

Tiner to talk on the future

A top-level summit on the future of financial services takes place at the Dorchester hotel in London’s Park Lane on September 23.

• Date published: 21.08.2008

Borrowers should heed simple steps: CML, Citizens Advice and Shelter

Borrowers can take simple steps to help themselves cope with the credit crunch, according to the Council of Mortgage Lenders, Citizens Advice and Shelter.

• Date published: 21.08.2008

Edward Jones notches up 10 years by the sea

Edward Jones celebrates 10 years in Ferndown in Dorset

• Date published: 21.08.2008

Leeds college secures CII provider role

Park Lane College, the largest further education college in Leeds, has been awarded CII accredited provider status.

• Date published: 21.08.2008

Just Retirement drops up front fees on eq release products

Just Retirement has cut the price of its equity release products by an average of £700 by dropping up front fees.

• Date published: 21.08.2008

FSA's review is biased towards Sipps - AJ Bell

AJ Bell says the watchdog's review of pension transfers is overly concerned with the sale of Sipps

• Date published: 21.08.2008

Newcastle BS to extend its base rate guarantee on Isa PLus account to 2010

Newcastle Building Society has announced that it is extending the base rate guarantees on its instant access Isa Plus.

• Date published: 21.08.2008

Advisers 'must tread carefully with protected rights transfers'

Advisers should be careful not to push clients into transferring protected rights where it is not appropriate when the option becomes available in October, an IFA has warned.

• Date published: 21.08.2008

Crunch's pain will lead to gain in long-term, claims Nomis

Banking business adviser states that more mortgage deals will be offered in the future as lenders drop market share obsessions.

• Date published: 21.08.2008

Imla warns on BTL regulation threat

Buy-to-let could become less attractive if regulation becomes onerous, according to Peter Williams from Intermediary Mortgage Lenders Association.

• Date published: 21.08.2008

Kent's position unclear at B&B as Pym steps up

Acting chief executive claims that his fate is in the hands of the board

• Date published: 21.08.2008

Pritchard in MD role for Key Partnerships

Key Partnerships has appointed Terry Pritchard as managing director.

• Date published: 21.08.2008

Former Home Office special adviser joins ABI

The ABI has appointed Huw Evans as its director of corporate affairs.

• Date published: 21.08.2008

Port Funds appoints Rault to board

Alternative investment specialist Port Funds SPC has appointed Didier Rault to its board.

• Date published: 21.08.2008

EuroDebt rolls out second UK roadshow

Leading debt management provider, EuroDebt, is mounting a second UK-wide educational roadshow to help brokers identify the opportunities for alternative financial solutions for their clients.

• Date published: 21.08.2008

Allpress joins Old Mutual as head of UK retail sales

Old Mutual Asset Managers has appointed of Mark Allpress as head of UK retail sales.

• Date published: 21.08.2008

Woollett joins Baring Emerging Europe board

Jonathan Woollett has joined the board of Baring Emerging Europe as a non-executive director.

• Date published: 21.08.2008

Housing slump may usher in home reversion revival

The popularity of home reversion plans could witness a revibal over the next few years as the housing market continues to decline, according to IFA Nigel Hare-Scott.

• Date published: 21.08.2008

Aic guide offers investment policy advice

Guidance offers advice on publishing an industry-compliant investment policy under the listing rules

• Date published: 21.08.2008

London & Capital signs up with SimplyBiz to target the wealthy

Deal will see asset manager gain access to more than 4500 advisers

• Date published: 21.08.2008

£18bn will come free as BTL sector shrinks to £44bn, says Skandia

Contraction of mortgage-backed buy-to-let sector will see vast sum of private investment capital looking for a home over the next few years

• Date published: 21.08.2008

BuildLoan mortgages to appear on BM Solutions

BuildLoan, the intermediary arm of self-build and renovation specialist, BuildStore, has announced reassuring news for brokers, in the wake of the termination of The Mortgage Business brand.

• Date published: 21.08.2008

Website launch offers public ability to select from 5000 advisers

Database will be continuously checked to make sure all names on it are FSA-authorised

• Date published: 21.08.2008

Towry Law moves into Birmingham offices

Wealth advisers Towry Law has moved to its new offices in Birmingham.

• Date published: 21.08.2008

Bradford & Bingley sees 90 per cent knocked off share price

Shares in B&B are now worth less than 10 per cent of peak value, claims DigitalLook

• Date published: 21.08.2008

Turcan pair join Barclays Wealth

Barclays Wealth has hired investment managers James Osborne and Cherie Hamoudi to its Edinburgh office.

• Date published: 21.08.2008

Property Investment Show highlights student hot spots

Landlords who let out student accommodation in Manchester, Hull and Bangor will achieve an annual rental yield in excess of 7 per cent, according to the Property Investor Show.

• Date published: 21.08.2008

Lincoln man heads to Genworth

Will Hale, Former head of distribution for Lincoln Financial Group, is set to follow Aegon's Colin Bell to Genworth Financial.

• Date published: 21.08.2008

SimplyBiz Mortgages reports rise in business

Club continues to attract more broker firms

• Date published: 21.08.2008

Advisers are unsure on variable annuities

MetLife Europe research reveals that more than half of advisers do not believe the sector will become more popular in the next 12 months

• Date published: 21.08.2008

Schroder warns on Exempt Property redemption penalty

Schroder has warned investors in its Exempt Property unit trust that a redemption penalty of up to 25 per cent could be charged.

• Date published: 21.08.2008

Scottish Friendly shoots and scores with bond

Friendly society teams up with Soccer Savings to offer Celtic bond

• Date published: 21.08.2008

Illness forces Felton to take extended break at M&G

Old Broad Street Research suspends the AA Rating on M&G UK Select fund

• Date published: 21.08.2008

Which? speaks out on price comparison site

People shopping online for insurance or other financial products may not always get the best deal if they rely on a single price comparison site, according to research by Which? Money.

• Date published: 21.08.2008

Hermes looks to Malcolm Gordon

Fund management firm Hermes has appointed Malcolm Gordon as director of client relations.

• Date published: 21.08.2008

Newcastle pulls Isa and bond

Fixed Rate Options pair will be brought back cheaper, says society

• Date published: 21.08.2008

Widening discounts are giving trusts the edge, says JPMorgan

Prospect of buying a share at a reduced rate is very appealing, claims head of sales and marketing

• Date published: 21.08.2008

Single premiums dip as regular premiums rise for 2007, says ABI

Sales last year saw a decline in single premium pensions and insurance business accompanied by a relatively small increase in regular premium business, according to the Association of British Insurers.

• Date published: 21.08.2008

Wealth management is shinning light in banks' gloom

Surevy reveals that wealth management is helping to boost banks' slowing profits

• Date published: 21.08.2008

Expert predicts key US bank to fail

Kenneth Rogoff, who was the International Monetary Fund's chief economist from 2001 to 2004, told a financial conference that he expected a large US bank to fail in the next few months.

• Date published: 21.08.2008

Katherine the Great moves up at Alliance Trust

Alliance Trust appoints Katherine Garrett-Cox as its new chief executive

• Date published: 21.08.2008

Lighthouse man looks back at a decade of hard decisions

The Lighthouse Group has experienced a dramatic turnaround in its fortunes in the last eight years.

• Date published: 21.08.2008

Low-paid may be 'better off' without personal account

Department for Work and Pensions figures show that low earners may only see a small improvement in the retirement income as a result of personal accounts.

• Date published: 21.08.2008

Bank losses have set Scottish financial sector back two years, claims SFE head

The head of Scotland's financial services sector has claimed the bad news coming from the leading Scots banks has set the industry back by two years.

• Date published: 21.08.2008

Towry Law recommended to advise lottery winners

Towry Law is to be recommended to big money lottery winners for financial advice by National Lottery operator Camelot Group.

• Date published: 15.08.2008