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PPI website launched

Britishinsurance. com has launched a payment protection insurance website that provides quotations and applications online, and promises to enable brokers to provide younger clients with PPI at better prices than elsewhere. It also allows brokers to earn 30% commission.

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Prudential to sell Egg to Citigroup

Prudential has entered into a binding agreement to sell its banking business Egg Banking to Citigroup.Under the terms of the agreement, the consideration payable to Prudential by Citigroup is 575m in cash, subject to adjustment to reflect any change in net asset value between December 31 2006 and completion.Prudential has also agreed in principle outline […]

FSA urges firms to stress test

The Financial Services Authority has called on firms to improve the stress testing of their businesses after its financial risk report highlighted the greater impact a shock could have were it to happen in the next 18 months.The FSA’s Financial Risk Outlook 2007 is designed to raise awareness of the priority risks which the FSA […]

Market Harborough launches Cupid mortgage

Market Harborough has launched a Cupid tracker variable mortgage to coincide with Valentine’s day. The tracker is fee-free mortgage which charges 0.25% above Bank of England base rate for a full five years. The society is also giving a special Valentine treat of a red and wite wine hamper for every Cupid’s tracker completion.

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.