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News - Financial circulars

mai 16th, 2008 by opugekekok

BBC Radio 4’s Money Box programme was broadcast on Saturday, 17 January, 2004 at 1204 GMT

The programme was repeated on Sunday, 18 January, 2004 at 2102 GMT.

Also on Saturday:

We spoke to Welsh Assembly Member David Davies about an insurance company using cash prize draws to sign up customers.

Mr Davies received a letter from Hospital Plan Insurance Services telling him he had won a cash prize.

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However, to receive his prize, he was asked to sign a direct debit mandate, to take out a plan with the company.

Paul Brett of Hospital Plan Insurance Services also joined us to defend the company’s marketing techniques.


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Norwich Union bonus cuts

The UK’s biggest insurance company, Norwich Union, has cut bonuses for the majority of its 3.3 million with-profits alternative capital finance insurance integrated management market reinsurance risk risk series through transfer wiley
, with some annual payments cut entirely.

It also announced that 100,000 insurance agent finance career change whose policies mature this year will face final payout cuts of up to 10%.

It is the fourth time in two years that Norwich Union has made such cuts, in response it says to poor stock-market performance.

We spoke to John Lister, Norwich Union’s Deputy Actuary about the announcement; and asked Tom McPhail, Pensions Research Manager at IFA Dictionary finance insurance international
Lansdowne, if there might be better news for customers of other companies.


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Further information:

Norwich Union cuts bonus payouts

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Maturing TESSAs

As the last est finance financial hill in insurance international irwin management mcgraw real series
special savings accounts (TESSAs) mature, we spoke to Independent Finance insurance personal quote
Advisor Anna Bowes of Chase de Vere about the best place to re-invest the money.


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Further information:

How to re-invest money

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Click here for the top item on Money Box this week

Producer: Jessica Dunbar

Presenter: Paul Lewis

Reporter: Louise Greenwood

Web Producer: Nathalie Knowles

Posted in Finance insurance | |

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