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Hinckley and Rugby appoints L&G as sole supplier of protection

Legal & General has been appointed the sole supplier of life protection, investment, household and accident, sickness and unemployment insurance by Hinckley and Rugby.

The contract, which was awarded following a competitive bid process, takes effect on January 11 2004.

Duncan Crocker, managing director retail distribution at Legal & General, says: “The company is pleased not only to have resecured the contract with the Hinckley and Rugby for life and investment business, but to be able to extend this to include household and accident, sickness and unemployment business.

Barry Hunt, director and chief executive of Hinckley and Rugby, says: “It makes so much sense to integrate life, investment and general business from the customer point of view and I am delighted that Legal & General was able to match the company&#39s requirements.”


Exclusive: Sun Bank to rebrand as The Mortgage Works

Portman is believed to be rebranding Sun Bank as The Mortgage Works following its acquisition in September 2001 from Sun Bank of Canada. The identity is being officially unveiled on Tuesday this week, with Portman declining to comment on the name until then. But searches at Companies House reveal Portman incorporated The Mortgage Works company […]

Brokers opting for direct authorisation could get stung by FOS complaints system

Brokers opting for direct authorisation have been warned they could have to pay thousands of pounds in case fees under the Financial Ombudsman Service transitional complaints system. It is widely expected that the Treasury will grant the FOS responsibility to deal with any complaints arising from cases handled by brokers pre-regulation. If this happens, FSA […]

Buy-to-let is still delivering

Buy-to-let is continuing to deliver results for investors with properties appreciating by an average of nearly 10% during the fourth quarter of last year, a survey by the Association of Residential Letting Agents reveals. In its latest quarterly index, ARLA also shows the rates of return on a cash purchase of a buy-to-let investment including […]

Advice needed on SVR deals

Research to find the best value mortgage lenders of last year shows a massive disparity between the cheapest and most expensive SVRs and reaffirms the need for borrowers to review their arrangements. The survey by independent group Defaqto shows a difference of up to£598 between the cheapest and most expensive SVRs, based on the amount […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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