Life insurer Norwich Union has said it is to introduce a time limit on mis-selling complaints from its 1.1 million endowment customers.
Policyholders will have to lodge an endowment mis-selling complaint within three years of being told that they are heading for a shortfall.
Customers will be sent a warning of the time limit when they have […]
Capital One has been fined 175,000 by the Financial Services Authority (FSA) over payment protection insurance (PPI) sales failings.
The fine relates to 50,000 policies sold to customers between January 2005 and April 2006.
The FSA said the card provider had failed to provide full information to customers about policy exclusions.
PPI is a form of insurance that […]
Life assurer Friends Provident is to cut 500 jobs after closing its direct sales operation.
The UK group said around 120 of the jobs to go would be administration roles, while the remainder would be direct sales positions.
Friends said it hoped to retain 150 of the staff affected as representatives of the company.
The closure of […]
However, small and medium-sized businesses in particular need to work out very carefully what the increase will mean to them.
In some industries where the of staff on the minimum wage is high and margins are low, the increase could have a noticeable effect which businesses will need to forecast accurately.
This could apply […]
However, small and medium-sized businesses in particular need to work out very carefully what the increase will mean to them.
In some industries where the proportion of staff on the minimum wage is high and margins are low, the increase could have a noticeable effect which businesses will need to forecast accurately.
This could apply […]
With the Bombay Stock Exchange index crossing 10,000 points everything is looking up on Dalal (Broker) Street, India’s Wall Street.
All forecasts point to India’s economy doing well and investors are happy with the stock markets soaring to record levels.
The reasons for the benchmark Sensex (sensitive index) of the Bombay Stock Exchange leaping upwards have been […]
Four out of ten consumers claim to have been let down by their bank or insurer, a report has suggested.
And a staggering 87% said that were not treated as a valued customer.
The chief gripes were the of products and jargon, the report found.
However, only 13% of consumers said they […]
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The company has produced a solid metal finish that can be applied to almost any surface - even a face!
metal surfaces are heavy and expensive. Metall-FX’s process is both much lighter and still durable.
The business is very flexible and looks to meet the needs of its customers. […]
About 450 jobs are being axed at Norwich Union in York, taking the city’s job losses over the past year to more than 1,000.
Aviva, which owns Norwich Union, said it planned to cut more than 4,000 jobs across the country by 2008.
City of York Council said the losses were “a bitter blow” and it would […]
The takeover battle for UK construction and infrastructure group John Laing has taken a fresh twist after fund manager Henderson its bid offer.
private equity arm is now offering 1bn ($1.9bn) for the business as it aims to trump a 958m offer from German company Allianz.
John Laing agreed to Allianz’s bid at the […]