Capita is lining up a bid for Sirius’s private medical insurance quotation service Mediquote, Money Marketing understands.The move would expand the adviser services offered by the outsourcing giant after its recent acquisitions of adviser portal Webline and back-office provider Quay Software. Capita is thought to be carrying out due diligence on the system, which forms part of Sirius’s adviser and broker service. Mediquote was launched in 2001 and was the first PMI quotation service on the market, providing rates and benefits comparisons for individual and group schemes. It offers current market research for PMI specialists and a fact-finding guide, definitions and product selection criteria for non-specialists. Managing director of web services Rob Norledge says the firm does not supply data on how many healthcare specialists, advisers, networks, banks and building societies use the service. Outsourcing rival Vertex offers an adviser PMI quotation service run through The Exchange’s Exweb product using specialist intermediary Preferred Medical. Sirius announced a profit of 2.1m for 2005, a rise of 54 per cent on the previous year. The technology firm offers back-office services for advisers, insurers and brokers. Norledge says Mediquote will not comment on market speculation. Capita refuses to comment.
What a week for pensions. Not even pictures of John Prescott playing croquet in the garden of his grace and favour home could stop pensions stories from getting top billing in the papers last week.
Brokers are failing to use the internet properly and are losing business as a result, according to BM Solutions. A survey by the lender found that only 53 per cent of the brokers surveyed in its research had a company website while 52 per cent get no new business through the internet. Less than 6 […]
Jupiter Asset Management’s owner Commerzbank says it will decide whether to float the firm on the London Stock Exchange by the end of the year. City estimates value Jupiter at 1bn although both sides stress no decision has been made. Jupiter recently put in place a long-term incentive scheme for key managers, echoing Gartmore’s lock-in […]
Alliance & Leicester is launching a new range of intermediary mortgages and has slashed its product fees.Its intermediary special two-year base rate tracker remortgage is at the base rate minus 0.01 per cent for two years then at the standard variable rate of 6.59 per cent.On its five-year discount fully flexible, the product fee has […]
US rate rise: A new era to buy and hold quality By Felix Wintle, Head of US Equities Watch Felix Wintle discuss the US’s first rate rising cycle in a decade and why he believes a focus on quality stocks will be key for outperformance in this environment. In the video Felix discusses: The impact […]
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]