Axa, Scottish Equitable and Friends Provident are competing to fill the
last two places on Misys' stakeholder pension panel.
The board will discuss who to choose at a meeting on Wednesday, with Axa
and Scottish Equitable said to be favoured over Friends.
In May, Misys appointed Scottish Widows, CGU, Clerical Medical and
Scottish Amicable to the panel.
Competition was fierce as it will give access to all five Misys networks
and determine Misys' future pension panels.
Life offices which have missed out include Standard Life and Legal & General.
Misys IFA Services says it chose providers on the basis of financial
strength, technology and training.
The Office of Fair Trading has given Misys the go-ahead to buy ie group,
parent of IFA Network.
The £21m acquisition was referred to the OFT amid fears that it would
breach monopoly regulations.
The purchase, which has been approved by i.e group shareholders, gives
Misys more than 4,500 registered individuals in five networks – almost a
quarter of the market. Misys now dwarfs rival DBS which has nearly 2,800
As the nation plunges into Euro 2000 football frenzy, Legal & General is warning stars and fans alike that even Premiership footballers could face a massive income shortfall when they retire.
The life office claims the likes of Shearer, Owen and Beckham could score
own goals in their pension planning and be forced into retirement with just
a fraction of their present earnings.
L&G says even a star player earning £25,000 a week making maximum
allowable contributions to their pension could face retired life on
£25,000 a year.