View more on these topics

Cardif Pinnacle buys Direct Life & Pension Services

Cardif Pinnacle has acquired Direct Life & Pension Services but it will continue to run as a standalone business.

The purchase of the distributor of term life, critical illness, and other protection insurance products was announced this morning for an undisclosed sum.

Direct Life is DLP’s direct to consumer operation and Lifequote is the intermediary arm, offering life, CI and income protection products.

DLP employs 200 staff and is will continue to run from its base in Chichester.

Cardif Pinnacle chief executive Paul Glen says: “The acquisition of Direct Life & Pension Services is a key move forward in our strategy to develop Cardif Pinnacle’s protection business. This will enable us to increase the product solutions and services we can offer to a broader range of clients and customers. Cardif Pinnacle remains firmly committed to its existing core business.

“I welcome Mike Ward to our senior management team and look forward to working with him and his colleagues to help us deliver our growth strategy.”

DLP managing director Mike Ward says: “Being part of the Cardif Pinnacle Group is an exciting opportunity for us, which will reap benefits and rewards for our businesses, our partners and our customers.”


Wave ends 85% LTV across range

Wave will no longer be offering loan products at 85 per cent loan to value across its entire product range.

Fixed on prepayment pool

The Government is to work with the mortgage industry to pool and publish data on prepayment behaviour as part of its work on long-term fixed rates.It discusses pooling prepayment data as a way of encouraging lenders to offer long-term fixed-rate mortgages without heavy repayment penalties.The review points out that in countries such as the US […]

Advisers confident over re-mortgage and protection, says L&G

Legal & General is launching a quarterly adviser confidence index that will track expectations among advisers of mortgage and protection sales and interest rate movements. The first index shows adviser optimism, with 60 per cent expecting business will pick up over the next quarter, and 58 per cent think they will be writing more protection […]

Exit routes

The title of the four-time Oscar winner No Country for Old Men is sure to resonate with advisers of a certain age facing the current turbulence in the mortgage market.

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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