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Ex-Britannic chief joins Rock board

Former Britannic Group and Resolution chief executive Paul Thompson has been appointed to the board of Northern Rock as non-executive director.

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‘Speed up annuities or face action by FSA’

The Association of British Insurers says pension providers need to speed up transfer times for customers taking out annuities to avoid being hit by extra regulation.At a recent Prudential annuity round table, the ABI warned that if providers do not improve their service levels for annuity customers the FSA will impose regulation on the industry […]

Fipp can flip pension income options

Hornbuckle Mitchell is offering a drawdown product which allows retirees to move into a scheme pension.The flexible income pension plan gives investors the ability to switch to more suitable options as their circumstances change.The Fipp is structured to allow a combination of tax-free cash withdrawal and income drawdown as well as the ability to move […]

Personal Touch Financial Services signs IT deal with Abbey

Personal Touch Financial Services has done a deal with Abbey which provide its members with direct access to the lender through ‘Toolbox’, its back office system.One of the key benefits that intermediaries using the system will experience is avoiding re-keying data from a local IT system to a lenders system.Brokers using the Toolbox system will […]

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