View more on these topics

Just Retirement acquires annuity systems provider

Just Retirement has acquired The Open Market Annuity Service from Kerr Henderson as part of its strategy to invest in further development of the open market option.

Tomas is a provider of systems and services assisting providers, advisers, trustees and employees benefit consultancies to streamline the end-to-end annuity advice process.

It says it needed further investment if it was to expand. Managing director Michael Slevin says: “Just Retirement provides the ideal partner to support the business whilst maintaining the independence of the annuity platform. We are delighted to have its backing as development of open market option is central to both businesses’ philosophies. We believe that this investment will enable us to significantly increase the number of people exercising their right to shop around for a better annuity.”

Just Retirement chief executive Rodney Cook says: “This is an important strategic initiative for Just Retirement. Tomas’ work is critical to the continued growth in the use of the open market option for retirees in the UK, for which Just Retirement has campaigned since its formation. I am pleased that we have been able to become involved in Tomas at such an exciting point in its development.”

Recommended

McGee is to leave Aegon in shake-up

Aegon head of corporate affairs Francis McGee is leaving the company as part of the firm’s restructure. The company is cutting costs by 25 per cent and refocusing on the at-retirement and workplace savings markets, with a number of senior management roles to be cut. It will close its third-party pension admin business and six […]

1

Regulatory creep warning over rise in FOS award limit

Advisers and lawyers have war-ned of regulatory creep following the FSA’s proposal to raise the Financial Ombudsman Service compensation limit from £100,000 to £150,000. The proposal was published in a paper on complaint handling last week and, if approved, the new award limit would apply to complaints referred to the FOS from January 1, 2012. […]

LV= names Philip Moore as finance director

Philip Moore has left the Pensions Corporation to join LV= as group finance director, replacing Keith Abercromby. Moore was group finance partner and chief risk officer at the retirement fund buyout group Pensions Corporation. He was previously group chief executive of Friends Provident but he left following the collapse of its planned £8.8bn merger with […]

1

£62M Bluefin writedown after private client arm restructure

Bluefin Advisory Services has made a £62m writedown following the restructure of its private client arm. Companies House filings show that in the year ended December 2009, Bluefin Advisory Services saw impairments of £62m. These followed imp-airments of £40m in 2008 which were also attributed to business restructure. The Axa-owned group ann-ounced earlier this year […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com