View more on these topics

Action replay ahead for Scot Prov and AAM

My heart goes out to all those at Scottish Provident and Aberdeen Asset Management.

As the once proud holder of the office of national accounts manager at the “real” Pegasus Assurance, I have a feeling that history is about to repeat itself.

£2bn is a lot to pay for a mistake. Had Abbey National/Scottish Mutual not discarded the Pegasus staff with such arrogance post-purchase, then Scottish Provident would not have been able to exploit the subsequent void created in the IFA market before going on to replace Pegasus as the market leader.

The only consolation I can offer them is that there is life after “critical illness”.

Bob Levy




1: What benefits can multi-ties, product ties, white labelling or dep-olarising stakeholder products bring to consumers which the current system fails to deliver?2: How much will any change cost to implement, who will pay for this change and by what method?3: What possible changes to stakeholder and Isas could be made to increase the efficiency […]

Jupiter bolsters broker team

Jupiter is strengthening its IFA service with three recruits to its broker support team as well as the appointment of a new sales director.Pavan Varman, who joins from CGU Financial Management, becomes sales director for the Midlands and East Anglia. His appointment takes the sales team to 31 compared with just seven in 1997.The broker […]

Sun shines on flexi time

Sun Bank has hit the headlines by sending up a rallying cry to the Council of Mortgage Lenders asking it to take a look at so-called flexible mortgages.The mortgage lender may be relatively small but it is shouting louder than most when it comes to setting standards for products. It claims to be taking IFAs […]

SVM flagship fund grows by 17 per cent

Scottish Value Management has announced its flagship fund, the UK Growth Fund has reached its seventh anniversary at the top of the tables in its sector. The fund manager&#39s monthly update for September reports the fund achieved growth of 17 per cent in the year ending August 23 making it first out of 49 in […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm