Aegon UK says it plans to diversify into highermargin products and add scale by penetrating new distribution channels. It says it is currently ahead of its 2010 target plans to achieve a value of new business margin of at least 20 per cent and an overall market share in life and pensions of at least 10 per cent by 2010.
Chris Hopkinson has joined LV= as head of national accounts for its intermediary division.He will be responsible for communicating life and protection to key advice firms.Hopkinson has held senior positions with Legal & General and MetLife and will be responsible for 20 major accounts.Director intermediary business Stuart Tragheim says: “We are confident that Chris will […]
FOS lead pensions ombudsman Tony King has been appointed pensions ombudsman and Pensions Protection Fund ombudsman by the DWP.King replaces David Laverick who completes his final term of office in August.King has spent the last two years working as lead ombudsman, pensions and securities at the FOS.He joined the FOS in 2003 after nine years […]
Hornbuckle Mitchell says rocketing tax relief being reclaimed by specialist Sipp providers since A-Day should prompt the Government to review the borrowing limits on clients using Sipps for buying commercial property.
Many commentators and experts continue to be relatively bearish on equity markets. It is not difficult to see their case. A possible bubble in the Chinese A-share market could easily burst and highly leveraged positions in private equity and hedge funds could suddenly go into reverse. Either of these could have a dramatic effect on […]
Flexible benefits platforms are becoming increasingly popular, with 80% of employers with more than 100 employees offering some form of flexible benefits scheme, compared with just 11% a decade ago. However, global mobility of employees is on the rise, with nearly 57 million expats predicted by 2017, which can add further complexity to your picture.
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Almost three years on from the start of the pension freedoms, people approaching retirement are looking for the most effective and efficient way to use the flexibility, while also balancing the various risks that come with this freedom of choice. While there are undoubtedly many opportunities, there are also challenges for both clients and their […]
Lighthouse has increased its pre-tax profits by nearly a third from £1.9m to £2.5m, according to annual results published this morning. The AIM listed firm attributed much of this performance to its advice arm – Lighthouse Financial Advice – doing better than expected. It generated significantly higher gross revenues than targeted and retained a greater […]
Financial services veteran Peter Mann famously reserved a chair at board meetings to represent the client, his view being the only thing that really matters is whether they have been served. Although he winces at being described as client-centric, the ex-Skandia chief executive and Old Mutual Wealth vice chairman’s focus on the customer extends to […]