View more on these topics

Lifetime wrap still uncertain on relaunch date

The new managing director of Norwich Union’s Lifetime wrap has refused to confirm whether it will be opened to new users this year.

Toby Strauss says no decision has been taken on which third-party IT provider will be contracted to help run and administer the platform.

He says the company must complete investigative work and due diligence before taking a decision and therefore a relaunch date has yet to be set.

The platform has been closed to new users since the summer after it suffered from admin problems.

Strauss says: “We are going to move pretty quickly over the next few weeks to the point where we are clear on the direction in which we are heading.”

He says Lifetime was a “victim of its own success” in trying to bring a scale- able platform to market so quickly with the way that its systems were bolted together and constructed.

Strauss says: “We are looking at the whole way that we take the work forward in terms of enhancements and the rebuilding of the plumbing.

“We continue to think that the whole world of wraps and straight-through processing will continue to grow and we want to be in that place. Watch this space.”


MetLife cuts annual fee for trustee plan clients

MetLife is reducing the ann- ual management charge of its trustee investment plan from 0.95 per cent to 0.5 per cent for all new and existing customers.MetLife moved into the UK market a year ago and says it is now aiming to expand further in the corporate market.Following the charge change, the company will offer […]

Actuaries warn on group Sipp choice

Watson Wyatt is warning employers to take particular care when choosing a group Sipp provider as a means to take the maturing proceeds of ShareSave arrangements.Group Sipps allow employees to continue to hold their assets in the shares of their employer,or to sell them and diversify their portfolio.But Watson Wyatt says there is only a […]

Aviva CEO joins Pru as head of finance

Former Aviva Europe chief executive officer Tidjane Thiam has joined Prudential this week as chief financial officer. Thiam joins the Pru board with immediate effect.

Towry Law adds £1bn in assets under management

Towry Law says it has doubled its funds under management, growing from around £1bn in 2006 to just under £2bn during the year to December 31, 2007.Its earnings before interest, tax, depreciation and amortisation increase 45 per cent from £6.2m last year to £9m this year. Recurring income has increased 34 per cent to £28m […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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