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Abbey offering IFAs single net gateway for its brands

Abbey National is offering a single IFA internet gateway for all its brands follow ing a repositioning of its businesses under the Abbey National for Intermediaries umbrella.

The company says the centralisation of its brands into a one-stop shop is part of its preparation for depolarisation. All intermediary business will be centralised to a single point of contact, including mortgages.

The logos of the key brands in the stable – Scottish Mutual, Scottish Provident, James Hay and Cater Allen Private Bank – have all been tweaked to coincide with the exercise, which went live this week.

By January 2003, Abbey says it will have a single salesforce covering its products. It will also introduce online account aggregation and make its retail fund supermarket Funds Centre available to IFAs.

Abbey National for Intermediaries head of e-commerce David Beattie says: “We are doing as much as we can to prepare for life after CP121 and Sandler, including multi-ties, by offering a company that is offering everything.”

Independent Financial Services director Jim Gillespie says: “It is nothing revolutionary. Service standards since the merger of ScotProv and ScotMut have gone down the toilet. I hope this makes a difference.”


My Money Adviser to offer IFAs supermart valuations

My Money Adviser is teaming up with fund supermarket Cofunds to offer IFAs and their clients a single-page valuation service which is own-branded for the adviser. MMA parent Quay Software Solutions is launching the service with its new client care suite software which aggregates data from Cofunds, giving clients online access to up-to-the-minute valuations of […]

AITC and Aifa aid IFAs in PI plight over splits

The AITC is working with Aifa in a bid to ease the plight of IFAs struggling to get professional indemnity insurance because of their potential exposure to split-caps. The AITC is concerned that IFAs will be forced to stop writing investment trust business because PI insurers are indiscriminately raising premiums to reflect their fears of […]

Pru slashes payouts by 10 per cent on with-profits

Prudential has announced it is slashing payouts on with-profits by up to 10 per cent blaming substantial declines in the stockmarkets.The cuts will affect unitised policies under the Prudential, Prudential International and Scottish Amicable brands, including the Pru Bond. Conventional with-profits are currently unaffected by the announcement.The company has taken the unusual step of explaining […]

IFAs plan to multi-tie

Almost half of the LIA&#39s IFA membership plan to take the multi-tied route following the shake-up of distribution after Sandler and CP121. A survey of the association&#39s IFA membership reveals 57 per cent will move away from being independent and 70 per cent of those will opt for the multi-tied option in a depolarised world. […]


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