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CP launches ASU contract

Commitments Protection is releasing an ASU contract entitled You Decide.

The contract is being released prior to General Insurance Day in January and will help with regulatory problems.

Ben Fish, managing director of Commitments, says: “We are mindful of the need for all general insurance products to be ‘fit for purpose’ and ‘best advice’.

“This contract enables brokers to select a deferment period to match their client’s employment contract notice period and sickness benefit period rather than utilise the standard cover.”

You Decide also allows brokers to select either the selling rate or commission rate for the policy.

The product is available from January 1 2005.


Torys call for less spin on national statistics

The Conservative Party has unveiled a radical plan to make the compilation of national statistics free from political interference, and remove the suspicion that government ministers fiddle the figures.This government has a track record of using statistics to mislead, rather than inform people.There has, for instance, been an increasing lack of transparency in the pre-Budget […]

FOS predicts complaints to rise in 2005

The Financial Ombudsman Service has warned that it expects complaints to surge by 25,000 in 2005. Speaking at the Council of Mortgage Lenders annual conference, Walter Merricks, chief ombudsman at FOS, explained: “There was 55,000 complaints last year, this year at least 60,000 and unless something is radically changed, they could be going up to […]

Bank of Ireland reduces three year fixed rates

Bank of Ireland Mortgages has enhanced its range by reducing rates on selected three year fixed mortgages.The new standard residential rates are, 4.99% fixed until 29/02/2008 up to 95% LTV, or loans up to 1m.With 5.49% fixed until 29/02/2008 up to 70% LTV, for loans over 1m.Additionally, BIM has reduced the rate on its three […]

Industry rules out housing market crash

The majority of the industry believe there will be a soft landing to the housing market and not the crash that some have predicted. Delegates at the Council of Mortgage Lenders’ annual conference today voted in favour of a soft landing.This came after David Smith, economics editor of The Sunday Times, spoke for the motion […]


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