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Abbey forms joint venture with Investech

Abbey National Financial & Investment Services is forming a joint venture with software supplier Investech to offer third party administration services to financial organisations. The venture, Business Outsourcing Services, will run the unit trust administration of Manek Investment Management from December 4. A small team will initially work from Abbey National’s Glasgow office, but 200 employees are expected in the next five years. ANFIS currently carries out the back office support for Abbey National Life and Scottish Mutual.

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Bupa International wins award

PMI provider Bupa International has been named Exporter of the Year – Major Corporate at the Export Times annual awards dinner. This is the sixth time in the last year the company has picked up in the last year. The judges praised Bupa Internationals professionalism and dynamism, saying it is a true British success story. […]

Lloyds may go hostile for Abbey

Lloyds TSB has signalled it has not given up hope of a deal with mortgage bank Abbey National following the breakdown of its take-over bid. Lloyds was thought to be preparing a hostile bid for Abbey last night after having its initial friendly offer rejected for being “unattractive”, although it is expected to come back […]

Platform loans to be offered via Assureweb

Platform Home Loans is to be the first non-confor ming lender to offer intermediaries access to its product range through IFA portal Assureweb. From next month, IFAs registered with Assureweb will have online access to Platform&#39s full product range, mortgage rates and under writing criteria and will be able to down load mortgage application forms. […]

Online services here to stay

Last week, I closed with the proposition that, provided it is not killed off by the Govern ment and the FSA, I believe the IFA channel as we know it will probably cease to be the dominant distribution channel for UK personal finance products around 2007/08. At the same time, I recognised that the most […]

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