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JLT appointed by Abbey for pensions outsourcing

Abbey National Financial and Investment Services is appointing Jardine Lloyd Thompson for the outsourcing of the entire Scottish Provident defined benefit client portfolio. The contract runs for up to five years and is worth up to £2.5m.

Another contract has been signed for JLT to administer Scottish Mutual&#39s defined benefit portfolio.

JLT head of corporate development Duncan Howorth says: “We are delighted to extend our relationship with Abbey&#39s Scottish based insurance companies in the life and pensions sector.”


BSA calls on Treasury for Isa rethink

The Building Societies Association is calling on the Government to rethink its proposals to cut the annual subscription limit for Isas. The BSA is concerned the Treasury intends to cut the annual limit for the maxi ISA from £7,000 to £5,000 and the mini cash ISA from £3,000 to £1,000 in April 2006. BSA director […]

Fragmented UK market will attract consolidators, says UBS

The fragmented nature of the UK advisory market makes it a key target for wealth managers looking to consolidate, says UBS after it buying London IFA Scott Goodman Harris. The Swiss investment banking and securities house says high-net-worth individuals will be attracted to the concept of advice from firms with global reach rather than the […]

Commission edge

Let us set the record straight here. “The level of commission payable on financial service products far outweighs the work and service that brokers provide to their clients… this is absolutely true.” These are not my words but those of Hargreaves Lansdown chief executive Peter Hargreaves. “Around 90 per cent of IFAs have no right […]

Law firm to help mortgage brokers deal with increase in complaints

Birmingham law firm Financial Services Legal is organising a series of seminars to help mortgage and general insurance brokers prepare for a potential rise in complaints post regulation. FSL Legal consultant Gareth Fatchett says the transfer of responsibility to the FSA of mortgages and general insurance will give greater rights to all consumers to a […]


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