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Neptune appoints head of third party distribution.

Neptune has appointed John Lester as head of third party distribution following the doubling of its funds under management in 2005 to 510m.

Lester will aim to strengthen ties with life insurance firms, platforms and fund supermarkets. He joins from HSBC investments UK where he was associate director.

Neptune sales director Patrick Berton says: “We are pleased to welcome on board someone of John’s experience and stature and look forward to inheriting the wealth of knowledge and personal relationships that he is able to bring.”


Just another spanner in the cover works

I attended a seminar last week on the new pension complication rules due to come into force from April and one of the topics covered was the return of pension term assurance. Apart from the stupid and completely unnecessary restrictions on the maximum permitted sum assured, it appears that neither waiver of premium or terminal-illness […]

Stephenson takes on new role at Lloyds

Lloyds TSB has appointed Lisa Stephenson as network director for Scotland and the North of England.She joined the firm in 1987 and the new remit comes in addition to her role as customer, wealth management and marketing director of Lloyds TSB Scotland.Lloyds TSB private banking chief executive Mark Cheshire says: “We’ve taken the decision to […]

NCG extends preferential PI terms to non-Bankhall firms

IFAs no longer have to be Bankhall members to benefit from preferential PI terms offered by NCG Professional Risks. The commercial insurance broker, which specialises in professional indemnity cover for financial services businesses, says it is removing the restriction on its preferential terms which can save IFAs as much as 10 per cent on their […]


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