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PXS appoints John Parker as managing director

John Parker has been appointed as managing director of property company PXS Limited.

Instrumental in designing and developing the company&#39s services, Parker has worked for the company for five years, originally joining PXS in 1998 for a three month contract.

PXS will buy almost any residential property anywhere in the UK to free up a purchaser who is otherwise dependent on selling, in order for them to purchase as quickly as they need either from a new house builder or if involved in a chain.

By paying less than market value for the property and once having agreed to purchase, the property is placed back on the market to resell.

It sells at a price which covers all its costs and leaves a residual profit. If a larger than anticipated profit occurs, there is often a surplus paid back to the former owner.


FSA fines St James&#39s Place £250,000

The Financial Services Authority has fined St. James&#39s Place UK, St. James&#39s Place International and the St. James&#39s Place Unit Trust Group a total of £250,000 for serious monitoring and record keeping inadequacies. The failings exposed investors to the risk of surrendering existing investment contracts and committing money to new investment contracts in circumstances where […]

Pre-tax profits up by 15.4% at Paragon Group

Pre-tax profits are up by 15.4% the Paragon Group has revealed in its yearly results, ending September 30 2003. Including the effect of acquisitions, profits grew from £46m in 2002 to £51.9m in 2003. Britannic Money was purchased for some £18.8m, which Paragon reports is now operating at aprofit. The company says that the outlook […]

Five out of ten plan to go direct

Five out of ten intermediaries plan to apply for direct authorisation, research from Platform reveals. Nearly 500 intermediaries took part in the study. Just one in ten favour taking the appointed representative route while one third intend to use mortgage clubs or networks, but are unsure whether they will opt for direct authorisation or become […]


St. Andrews to become MPPI underwriters for Select and Protect

St Andrew&#39s is set to assume underwriting duties for all new and existing business on Select and Protect&#39s mortgage payment protection policies from December 1 2003. The company says that with 2,500 advisers working as active agents, Select and Protect is perfectly positioned to service the growing MPPI market. John Blundell, managing director of St […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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