Endowment complaint handlers have been defending themselves after the insurance industry’s trade body advised members to pay compensation direct to consumers.
Dozens of professional complaint handling firms have sprung up in the wake of endowment finance gambling insurance internet pharmacy
.
Most claim to secure larger compensation payouts for people who think they were mis-sold a policy, but […]
Life insurer Norwich Union has said it is to introduce a time limit on mis-selling complaints from its 1.1 million endowment customers.
Policyholders will have to lodge an endowment mis-selling complaint within three years of being told that they are heading for a shortfall.
Customers will be sent a warning of the time limit when they have […]
Capital One has been fined 175,000 by the Financial Services Authority (FSA) over payment protection insurance (PPI) sales failings.
The fine relates to 50,000 policies sold to customers between January 2005 and April 2006.
The FSA said the card provider had failed to provide full information to customers about policy exclusions.
PPI is a form of insurance that […]
Life assurer Friends Provident is to cut 500 jobs after closing its direct sales operation.
The UK group said around 120 of the jobs to go would be administration roles, while the remainder would be direct sales finance insurance tourist zurich
.
Friends said it hoped to retain 150 of the staff affected as self-employed representatives of the […]
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in particular need to work out very carefully what the increase will mean to them.
In some industries where the proportion of staff on the minimum wage is high and margins are low, the increase could have a noticeable effect which businesses will need […]
However, small and medium-sized businesses in particular need to work out very carefully what the increase will mean to them.
In some industries where the proportion of staff on the minimum wage is high and margins are low, the increase could have a noticeable effect which businesses will need to forecast accurately.
This could apply […]
With the Bombay Stock Exchange index crossing 10,000 points everything is looking up on Dalal (Broker) Street, India’s Wall Street.
All forecasts point to India’s economy doing well and investors are happy with the stock markets soaring to record levels.
The reasons for the benchmark Sensex (sensitive index) of the Bombay Stock Exchange leaping upwards have been […]
Four out of ten consumers claim to have been let down by their bank or insurer, a report has essential estate finance hill in insurance investment irwin mcgraw real series
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87% said that were not treated as a valued event extremal […]
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About 450 jobs are being axed at Norwich Union in York, taking the city’s job losses over the past year to more than 1,000.
Aviva, which owns Norwich Union, said it planned to cut more than 4,000 jobs across the country by 2008.
City of York Council said the losses were “a bitter blow” and it would […]
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