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ABI and BBA rule out joint insurance body

The ABI and BBA have decided not to pursue the idea of a new body to represent the banking and insurance industries.

The associations say the decision follows consultation with a wide range of member companies and a careful consideration of the desirability and practicality of setting up such a body.

In view of the number and scale of the important issues currently facing both industries, it has been agreed that it would be more sensible for the two associations to work closely together on matters of common interest, rather than divert resources into a complex and time-consuming structural change.


Beat the Abbey habit

From Ian GriffithsRegarding Abbey National&#39s priority processing of applications with their own general insurance policies attached, I too was advised by the business development manager team that these applications would &#39go through quicker&#39.Understanding exactly what I was being told, I duly completed the ASU box on the client&#39s application. Low and behold, an application went […]

Talks to be held on housing law

Housing Minister Jeff Rooker, announced on Friday that there would be an investigation into how housing law could be changed, that would sweep away unnecessary bureaucratic restrictions. The changes to section 27 of the Housing Act 1985 would make it easier for local authorities to enter into Private Finance Initiative and other contracts. The proposals […]

HSHL hires new Packager Relationship Manager

High Street Loans (HSHL) has hired Packager Relationship Manager, John Cullen, 42, in anattempt to build a major new distribution channel for its range of non-conforming mortgages. The appointment follows last week&#39s announcement by the company that it is to launch a newinitiative to recruit up to 100 new packaging partners by the end of […]

Government launches corporation tax consultation

The government has launched a consultation on reforming the corporate tax system. Announcing the consultation, Dawn Primarolo, paymaster general, said: “In 1997 the government set out to reform and modernise the corporate tax system and boost the UK&#39s competitiveness in the global business environment. “The strategy and objectives underpinning these reforms were set out in […]


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