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Millfield and Prudential claim first with multi-tie

Millfield and Prudential claim to be the first provider and distributor to sign a multi-tie agreement.

The five-year deal has been penned by Millfield chief exec- utive Paul Tebbutt and Pru UK chief Mark Wood.

Pru has also just signed its fourth annuity single-tie deal and will be the sole annuity provider for National Australia Bank.

Pru annuities will be sold through NAB’s Clydesdale and Yorkshire Bank networks from May 31 in a deal that will initially run for five years.

PruHealth has also been signed up by NAB as the first PMI provider on its panel, with NAB expected to announce further tie-ups in the coming weeks.

Pru has set up single-tie annuity deals with Zurich, Pearl, St. James’s Place and Thinc Destini.

Wood says: “This arrangement endorses Pru’s position in the annuities market, where we already have a number of similar partnership agreements.

“PruHealth has shaken up the PMI market. It is the first private medical insurer to link the cost of premiums to the efforts that people make to look after their health.”


Secret probe sees DTI shut BTL schemes

A secret investigation has seen the Department of Trade and Industry seeking to shut six property investment companies which claimed to show investors how to get rich quick through buy-to-let portfolios. The firms are Sterling Mansion (UK), Mansion Investments, SMI (Overseas), Turningpoint Seminars, Portfolios of Distinction and CM2. Sterling Mansion (UK) and Mansion Investments claimed […]

Cofunds hits 4bn mark

Cofunds has topped 4bn in funds under management just over four years after the fund supermarket’s launch.The platform attracted 1.7bn in 2004, aided by increasing inflows and positive market movements.Cofunds launched back in January 2001 and at its current rate of growth expects to break even in late 2006/ early 2007.The fund supermarket expects its […]

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here


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