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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Jobs to go in Nationwide shake-up

Category : World News

A total of 500 jobs are expected to go as Nationwide integrates three regional building societies into its main operations.

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House prices ‘alter little in March’

Category : Business

UK house prices fell by 0.1% in April compared with the previous month, according to a survey by the Nationwide.

Link: House prices ‘alter little in March’

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Kabel Deutschland Chooses ADVA Optical Networking for 10G/100G Nationwide Network

Category : World News

MARTINSRIED, GERMANY and MUNICH, GERMANY–(Marketwired – Apr 9, 2013) – ADVA Optical
Networking SE / Kabel Deutschland Chooses ADVA Optical Networking for
10G/100G Nationwide
Network.

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UK house prices ‘see annual rise’

Category : Business, World News

UK house prices were 0.8% higher in March from a year earlier, the Nationwide says, the first annual rise for more than a year.

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House prices ‘up 0.2% in February’

Category : World News

UK house prices rose by 0.2% in February compared with the previous month but were the same as a year ago, the Nationwide says.

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Was my mother ill advised to keep insurance after repaying mortgage?

Category : Business

Nationwide insists policy was ‘non-advised’ – so best she cancel it and cut her losses

In 1998 my mother took out a mortgage with Nationwide and at the same time purchased an insurance policy to ensure she was covered in the event that she died before the mortgage was paid off. In 2004, she paid off the mortgage. She asked at the time about the mortgage insurance, assuming this would cease. However, she was told by an adviser at Nationwide that she could “use this as life insurance”.

Subsequently, Legal & General took over Nationwide’s policies in this area. In 2012, my mother received a letter from L&G informing her she was paying a “mortgage reducing policy”. On further investigation she was told this would only pay out if she had a mortgage – which she had not had since 2004. L&G then wrote to her in December 2012 confirming she had an insurance policy but that it would only be valid while her mortgage lasted.

It seems my mother was ill advised in 2004 when she paid off her mortgage. Surely the mortgage protection insurance should have ended at this point? What did the adviser mean about “being able to use it as life insurance”? PF, London

Both the Financial Ombudsman Service and Which? say they have seen an increasing number of complaints about banks pushing unsuitable products on to older people – this seems to be one such case.

Your mother was sold a mortgage decreasing term assurance policy at her Nationwide branch in May 2003, five years after she had taken out her mortgage. The policy started in November 2003 to last for 15 years for the sum assured of £15,000.

According to you, when she went into the branch it was to ask about an entirely different product, so we can only imagine sales staff saw that as an excuse to sell her something else.

Your mother paid off her mortgage the year after the policy was taken out but even if she hadn’t, you say you and your brother were in a position to meet the remaining cost of your mother’s home loan should she have died – so she didn’t really need the product in the first place.

The information she was given about using the policy as life insurance, however, is right as the policy will continue to provide cover even if the mortgage is repaid early. So the policy she has will pay out until November 2018 if your mother dies. But as it is a decreasing term assurance the sum that would be paid out reduces each year, so if a claim was made on it in the next five years her dependants are unlikely to receive very much.

Nationwide is sticking to the fact that this was a “non advised” sale, which essentially means it made no recommendation but merely gave your mother information about the product. There is often a fine line in our view between advised and non-advised sales, but if your mother concurs that the sale was non-advised it might be hard to argue a case of mis-selling to the Financial Ombudsman Service.

The best we can advise is that your mother cancel her policy and cut her losses.

We welcome letters but cannot answer individually. Email us at consumer.champions@guardian.co.uk or write to Bachelor & Brignall, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number

‘Concern’ over first-time buyers

Category : World News

A lack of first-time house buyers in the UK is a “cause for concern”, the Nationwide says as it reports that prices in January were unchanged from a year earlier.

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Securities & Exchange Commission Selects Recommind’s Axcelerate Review and Analysis Platform

Category : Stocks, World News

Federal Agency Brings Industry’s Leading Predictive Coding Technology to SEC Enforcement Staff Nationwide

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Axiologix, Inc. (AXLX: OTC Link) | Axiologix Subsidiary Announces Partnership To Offer IP Voice, Data And Cloud Services Via Nationwide Agent Channel

Category : Stocks, World News

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Axiologix Subsidiary Announces Partnership To Offer IP Voice, Data And Cloud Services Via Nationwide Agent Channel

PR Newswire

SARASOTA, Fla., Jan. 14, 2013

SARASOTA, Fla., Jan. 14, 2013 /PRNewswire/ — Axiologix, Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering Cloud Products and Services, today announced that its subsidiary, AxioComm, Inc. has executed a long-term Partnership Agreement with Network Factor Inc. This agreement provides the necessary sales support, service delivery and network management in order for AxioComm’s nationwide agent channel to sell VoIP and cloud services to small and medium sized businesses throughout the United States.

Mr. Dennis Mitrano, President of Telecom Operations at Axiologix, Inc., said, “This is the next major step in our efforts to become the preeminent provider of cloud based services within the SMB marketplace. We have already consummated our first master nationwide agent agreement and are working on many others. This channel has already delivered new customers for the business in advance of the formal launch of the new AxioComm website later this month.”

Mr. Mitrano continued, “Network Factor is the perfect partner for us to work with to offer our new services as we have high expectations for this business. I have successfully worked with Richard and his team before in other ventures and have recently installed Axiologix’s first customer under this Partnership. Richard’s team has an unwavering commitment to supporting customers and our agents and we look forward to a very successful partnership in 2013 and beyond.”

Mr. Richard Hubbard, President of Network Factor, said “We are very excited to continue the growth of our nine year old company via this Partnership with AxioComm. We have the ability to easily expand our customer base and this will give us access to another high growth sales channel. The management of Axiologix have a proven track record and ability to deliver large volumes of sales. We know that we can deliver on the sales they will generate using our superior cloud-based services.”

About Axiologix, Inc.

Axiologix, Inc. is an International Technology and Services Organization focused on delivering Cloud-based Products and Services to small and medium sized businesses primarily in the United States and to operators globally. Axiologix is headquartered in Florida, with international operations in Dublin, Ireland. Additional information may be found at www.axiologix.net

This press release contains forward-looking statements. Words such as “expects”, “intends”, “believes”, and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company’s filings with the Securities and Exchange Commission and the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


SOURCE Axiologix, Inc.

See the rest here: Axiologix, Inc. (AXLX: OTC Link) | Axiologix Subsidiary Announces Partnership To Offer IP Voice, Data And Cloud Services Via Nationwide Agent Channel

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