View more on these topics

Liverpool Victoria with-profits plan targeted at IFAs

Liverpool Victoria is targeting the IFA market with a with-profits tax-free savings plan.


It is the second product from the friendly society&#39s recently launched IFA


division.


The 10-year plan is for investors seeking a regular savings vehicle for


the long term. It offers a choice of regular savings amounts, regular


bonuses and a guaranteed minimum death benefit.


Liverpool Victoria wants to widen its distribution from 90 salespeople for


general insurance, life and pensions by selling through big IFA firms.


A range of protection products is expected to follow.


Forty IFAs from Liverpool Victoria subsidiary Frizzell defected to Towry


Law earlier this year. The friendly society&#39s direct salesforce has also


suffered difficulties over the last two years and numbers have fallen from


a high of 300.


Liverpool Victoria anticipates IFAs making up 50 per cent of its total


business written within a year.

Recommended

12% slice of the loan market for Abbey

Abbey National is fighting back in the face of aggressive action by otherlenders by doubling its mortgage market share to 12 per cent in the firstquarter of this year.Traditional lenders have recently lost market share to new entrants butAbbey has reversed this trend.Abbey says its dramatically increased share is due to an aggressivepricing policy coupled […]

Fidelity fund supermart shelves will lack big names wary of IFA reaction

Fidelity&#39s fund supermarket is set to go live without some of the majorfund management companies yet on board.Insiders say many high-profile names have not yet signed because they areconcerned that linking up with Fidelity will damage their relationship withIFAs.It is understood that several major investment houses, including Gartmore,Threadneedle, M&G and Schroder, have yet to sign […]

IFAs caught in the mortgage Cat trap

Intermediaries and lenders believe finalised plans for Cat-markedmortgages have muddied the already murky waters surrounding the role thatIFAs will play in the benchmarked market.Legal & General marketing manager housing market Richard Verdin says: “Igenuinely do not think that IFAs have differential earnings on their mindwhen they are advising on a particular product over another but […]

Bankhall firms to get £6,250 in £114m deal

Bankhall members are set to receive an average windfall of £6,250 as themember services organisation is bought for £114m by software giant Lynx.The 800 member firms which qualify for a payout belong to Bankhall and itsnursery network Investment Strategies.The new operation has yet to decide on how to determine individualpayouts. It may depend on the […]

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment