View more on these topics

HSBC on the hunt for protection recruits

HSBC is understood to be headhunting key staff from leading protection providers in preparation for its launch into the intermediary market in the second half of this year.

The news comes after it was revealed that general insurance firm Fortis is set to push into protection and is believed to have recruited former Friends Provident head of protection marketing Ian Jefferies.

A source says: “HSBC has approached a number of key protection staff at different providers and has asked them who they would recruit if they were to build a team for HSBC’s new intermediary offering.”

It is planning to expand protection distribution aggressively and is making deals with third-party distributors.

However, an HSBC spokeswoman says: “We have not been actively headhunting staff for this division.”

Ex-Munich Re protection specialist Martin Werth ,who is now at Fortis, will not comment on whether the firm will be entering the UK protection market except to confirm it is conducting a review of the sector.

Recommended

The March of time

An important anniversary leads to contemplation over the pension crisis.

Winterthur appoints new MD after restructure

Axa has appointed Winterthur’s director of distribution David Thompson as managing director of Winterthur Life.The announcement is part of a series of planned senior appointments at Axa and Winterthur following the company’s decision in November 2006 to restructure its UK businesses. It was announced in November that Winterthur’s high net worth business will continue to […]

Hornbuckle Mitchell calls for support for ASP petition

Hornbuckle Mitchell is calling on advisers and their clients to sign up to a Downing Street petition calling on the Prime Minister to abolish the 70 per cent ‘unauthorised payments’ tax on pension assets passed to heirs from an Alternatively Secured Pension.

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment