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Commercial GI deal for Bankhall

Bankhall has sold its commercial general insurance arm UKGI to Total Broker Solutions to focus on its core markets of directly regulated mortgage, life, pensions and investment.

The agreement brings a reciprocal agreement for TBS to provide Bankhall members with commercial GI services while TBS’s 350 brokers will get compliance support from Bankhall.

Head of Bankhall GI Mike Williams will move to TBS with a small number of support staff.

TBS chief executive and former CII president Bob Beckett says: “We are pleased to have completed this deal. The market is ready for a service as complete as the one we can offer and, with Bankhall providing the compliance support, we know we have a quality partner on board with us.”

Bankhall chief executive Peter Mann says: “The service to our members will be seamless.They will not need to change anything. All they need to do is to keep writing the general insurance business as they did before. Someone from TBS will be in touch with each member in the near future to outline their services. We are confident that it will be an attractive proposition.”


‘Turner-type report needed for public sector pensions’

The Liberal Democrats are calling on the Government to commission a Turner-style report to address the way forward for public-sector pensions. Speaking at a Politiea conference in London, LibDem Shadow Work and Pension Secretary David Laws said such a report should consider how to make the schemes sustainable in the future. Laws said Lord Turner’s […]

Actuarial firms Wolanski & Co and CheckleyFisher to merge

Actuarial and pension firms Wolanski & Co and CheckleyFisher are to merge to become Wolanski CheckleyFisher.Both firms specialise in corporate pensions and the merged firm will create a new player in the actuarial market with seven fully-qualified and experienced owner-manager actuaries.In addition to providing independent actuarial and consultancy services to employers and trustees of pension […]

Product matters: Special delivery

It is always refreshing to see a fund management company admit there might be better people at managing money than itself. Norwich Union has done precisely that with the launch of its new UK special situations fund. It has outsourced the management of the fund to undoubted experts Richard Buxton and Andy Brough of Schroders. […]

Jelley claims victory as Revenue signals U-turn on IHT reform

The arbitrary 10-year periodic charge on discounted gift trusts introduced by the Chancellor in this year’s Budget looks set to be removed. Skandia head of tax and financial planning Colin Jelley says he has received verbal confirmation from the Revenue. He describes this as a significant victory for the industry, which has been lobbying for […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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