View more on these topics

Ex-critic Carr is joining the Pru

Former scourge of Prudential Kevin Carr is to join the provider to help develop its Pru- Protect product.

After eight years at Lifesearch, Carr will join Pru in late Sep- tember as director of protection development. He was involved in a furious war of words with Pru in 2003 after it raised criticalillness rates and removed guarantees retrospectively on pipeline business. Lifesearch threatened legal action and its internal research said 93 per cent of clients would never use Pru again. At the time, Carr said: “The public is fed up with insurers moving the goalposts. Anyone who is aware of what the Pru has done will think twice about using it again.”

Carr says the conflict is irrelevant as PruProtect is a new company with new people.

Lifesearch managing director Tom Baigrie says although Carr has decided to “cross the floor”, he is taking a rare opportunity. He says: “Lifesearch is sorry to see Kevin go but we expect he will accelerate the current pleasing trend of provider innovation in his new role.”


LivVic must pay back interest on missold PPI

Liverpool Victoria Banking Services has been fined £840,000 and could be forced to pay back up to £23m to customers for serious failings in the sale of single-premium payment protection insurance.


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