Norwich Union Avia bonus payout under threat
October 18th, 2008A bonus payout to one million policyholders in two of Norwich Union Life’s with-profits funds may not go ahead after recent dramatic falls in the stock market. more.. »
FSA concerned over life insurers stability
October 18th, 2008Concerns over the stability and safety of life insurers financial reserves cause fall in their share prices and FSA offer of help. more.. »
Norwich Union customers get news on Aviva’s solvency
October 10th, 2008Norwich Union parent Aviva issued a statement to calm fears over it’s solvency position. Shares in Aviva, the UK’s largest insurer, had fallen in recent weeks reflecting uncertainty over the financial position of the company. more.. »
Firms fined over geared traded endowment policy advice
October 9th, 2008Two firms have been fined for a number of failures connected to sales of geared traded endowment policies (geared TEP’s). These are the first acts of enforcement since the FSA began a targeted programme examining advice and sales processes of firms recommending geared traded endowment policies. more.. »
Kaupthing Edge and Heritable savers full compensation announced
October 9th, 2008Following the news that Kaupthing and Landsbanki Heritable had gone into default, the FSCS has provided details of a compensation scheme for Kaupthing Edge and Heritable Bank UK savers. more.. »
Northern Rock withdraws savings offers
October 2nd, 2008Northern Rock has withdrawn a number of savings products since the huge increase in demand risked it exceeding 1.5 percent of UK retail deposit balances. more.. »
Adviser claims they were misled by Norwich Union over endowment maturity value
September 23rd, 2008In twist on the usual mis-selling claims, a financial adviser is asserting that a change in Norwich Union’s calculation of estimated maturity values has led the IFA to become subject to an endowment mis-selling claim. more.. »
Are endowments safe from the credit crunch?
September 19th, 2008As the effects of the credit crunch widen there are heightened concerns about the safety of insurance and investments. While there is plenty of discussion about bank deposits and savings, there has been little media coverage about the safety of endowments and protection for policyholders. more.. »
Compensation claim help for customers of 27 companies in default
September 9th, 2008The Financial Services Compensation Scheme (FSCS) is reminding consumers they can claim up to £48,000 if they have lost money from any of 27 investment firms recently declared in default. The scheme offers a free service to customers of authorised financial services firms. more.. »
Norwich Union bonus cuts hit
September 9th, 2008Norwich Union has cut bonus payouts for with profits policy holders. The cuts of up to 10 percent in final bonus rates will affect a total of two million policies and are effective as of September 1. Norwich Union said that regular bonus rates would be unchanged and Market Value Reductions (MVRs) are not being introduced. more.. »