Advice failings in regards to sales of geared TEPs

FTAdviser latest:Two firms fined for traded policy advice failings

Story by: Gemma Westacott, FTAdviser

Two firms have been fined a total of £45,500 by the Financial Services Authority (FSA) for advice failings in regards to sales of geared traded endowment policies (TEPs).

  • Time published: 14:31
  • Date published: 09.10.2008
  • Published in: Advisers

Zurich UK overhauls management of life business

Zurich UK has made some management changes to its life business to drive up growth for the company.

  • Date published: 09.10.2008

Fed props up AIG with fresh loan of $37.8bn

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Working women are shunning cover, says survey

Research from Axa reveals half do not have life insurance, critical illness cover or income protection

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Allianz invests $2.5bn in The Hartford

German insurer Allianz is to invest $2.5bn (£1.43bn) in troubled US life and property insurer Hartford Financial Services Group.

  • Date published: 06.10.2008

Aegon UK revamps structure to deliver strategic objectives

Move will see joining of individual and corporate life and pensions businesses within the company

  • Date published: 02.10.2008

Patrick Gale quits as COO of Just Retirement

Patrick Gale has resigned as chief operating officer (COO) of Just Retirement, just three months after joining the specialist UK life assurance group.

  • Date published: 01.10.2008

L&G raises life and critical illness underwriting limits

New limits are raised to £800,000 and £500,000 for life insurance and critical illness respectively

  • Date published: 25.09.2008

Merger will see rise of £6bn life group

Lloyds TSB is now in control of businesses which sold nealry £6bn in pensions and insurance products in the first half of this year.

  • Date published: 25.09.2008

Zurich announces drive to hire 60 consultants

Hires are on top of 26 appointments made since April

  • Date published: 25.09.2008

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How to treat customers fairly - or pay the price

Treat your customers fairly. That is the message being driven forward by the FSA under its soon to be implemented TCF initiative.

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