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Met life, Scots Wid, Zurich and Pru join Portavista

Met life, Scottish Widows, Zurich and Prudential are the latest providers to join Bankhall’s Portavista platform.

At Bankhall’s annual conference in Portugal last week its former chief executive Peter Mann unveiled the latest four providers to join the platform.

So far Portavista, designed in partnership with Capita, has signed an agreement with Aegon to offer its FPP pension later this month.

Capita managing director Graham Coxell says: “This absolutely sets Portavista apart from the rest of the platform market, and confirms its position as the fastest growing independent platform in the UK.”

A Pru spokesman says: “We are at advanced stages in negotiations with Bankhall regarding the integration of our on shore and offshore bonds onto the Portavista platform and we’d expect that to come to fruition at some point in 2009.”

A spokeswoman for Zurich says the firm is always looking for ways to drive forward its e-strategy. She says: “We are working with many of the leading back office suppliers to integrate our data into their systems as well as e-enabling our own extranet to make it easier for intermediaries to do business with us. At Zurich we continue to seek opportunities to integrate our products with independent platforms as well as integrating our products with intermediaries’ back office systems.”


All change

If a week is a long time in politics, as remarked by Harold Wilson, a month in today’s mortgage market is interminable. Last month I reported some good news on mortgage rates, with the bigger lenders – Halifax, Abbey, Nationwide and Lloyds TSB – reducing fixes and trackers on the back of falling swaps. The situation has now reversed as rising money market rates see lenders hike rates on residential and buy-to-let mortgages.

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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