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.”
The Treasury is to launch a consultation into what aspects of insurers’ business will be subject to VAT following the recent Andersen case in Europe.
Threadneedle is replacing Darrel ODea with Phil Cliff as manager of its European Select Growth fund.The fund invests in a concentrated portfolio of funds in continental Europe or which have continental European operations. It is up 10.9 per cent over a year, down 13.5 per cent over five years.Cliff has been number two on the […]
An article in Money Marketing last week stated that Standard Life is encouraging its salespeople to sell the bene- fits of FundsNetwork – the provider’s supermarket partner – in a bid to build sales of self-invested personal pensions. We at Selestia have had two Sipp arrangements similar to this in operation for over two years […]
Are you ready to implement the menu system when it comes in on June 1? “Yes. There are probably still a couple of things we need to work out but we have plenty of time allocated for that.” George Chakko George, Progressive Independent Advisers”No. I have not really given it a lot of thought but […]
Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.
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Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes
Old Mutual Global Investors is to transfer £63m worth of Isa accounts to Hargreaves Lansdown. OMGI plans to move its 3,200 Isa customers to Hargreaves with effect from 24 February 2018 and stop its Isa service on the 27 February. The asset manager says the decision comes as clients increasingly demand online access to the Isa […]
BMO Global Asset Management has launched a range of actively managed, low-cost, multi-asset funds to offer investors an alternative to traditionally cheap passive funds. The BMO Universal Multi-Asset Portfolios are aimed at investors with smaller sums such as pension transfer clients. The three funds in the BMO Universal MAP range invest globally across equities and […]