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Best use of New Media – Sponsored by 1st Software

End-to-end processing of electronic new business is the platform for huge cost savings that will revolutionise the financial services sector. The product providers and IFAs that will succeed in the future will be the ones that make new technology work for them by giving greater service to customers and business partners and increasing efficiency.

The judges found two companies &#45 one IFA and one life company &#45 that stood so far ahead of the rest of the field that they wanted to award them equal first place.

Winner: positivesolutions – The positivesolutions Extranet

Positive Solutions&#39 extranet site has enhanced its services to give adviser and client access to the valuations of all existing contracts. The well-constructed site is easy to navigate and provides the IFA with the comfort of a transparent view of online commission conciliation that makes payments daily.

Winner: Scottish Life – Scottish Life &#45 if@plus – Group Pensions Increments

Coming in the top three places for a fith consecutive year, judges said Scottish Life had consistently set the standard to which other providers should aspire. The product provider&#39s if@plus extranet site allows IFAs to add increments to existing pensions contracts online, automating a previously time-consuming and tiresome process.


Virgin wants Govt to restore opt-out rule on pensions

Workers in small companies would be almost £3bn better off if the Government reintroduced the opt-out rule on workplace pensions, according to Virgin Money.It found that up to 2.4 million employees could be missing out on pension contributions because they have not chosen to join a company scheme.In response to the Pensions Green Paper, Virgin […]

Another huge fine for R&SA

Royal & Sun Alliance Life and Pensions has been hit with a £950,000 fine by the FSA for mortgage endowment-related failings.The action marks the second time the life office has been fined in less than a year. Last August, the FSA imposed a record £1.35m fine for R&SA&#39s second offence under the pension review.It was […]

NU pension spokesman quits for consultancy role

Norwich Union director of pensions development Jerry Barnfield has left to take a senior pension administration role at consultant Hewitt Bacon & Woodrow.Norwich Union will not comment on the reasons for Barnfield&#39s sudden departure from his role as chief pension spokesman for one of the UK&#39s biggest life companies to take on an admin role […]

nvesta – Quad Tracker Plan

Friday, 4 April 2003 Type: Capital protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£2m Term: Six years Guarantee: Original capital returned in full providing index does not fall by more than 50% Return: Up to four times the growth in the index subject to a maximum of […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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