View more on these topics

Paymaster push for DC admin

Specialist pension administrator Paymaster is aiming to make a major push

into the defined-contribution admin-istration market.

Paymaster, which is part of the Hogg Robinson group of companies, believes

the future of pension administration lies within the defined-contribution


It plans to create a “centre of excellence” at its Crawley office in

Sussex, staffed by a team of defined-contribution admin experts.

The team, headed by Peter Hesketh, will handle back-office processing for all of Paymaster&#39s money-purchase clients, aiming to provide them with high-quality and cost-effective service.

Paymaster currently adm-inisters pension schemes for Deutsche Asset

Management and Kimberly Clark.

Paymaster managing director Jim Kelly says: “Defined contribution is the

future of pension administration and so we have decided to bring together

the required skills in one centre of excellence to ensure high-quality,

cost-effective service.

“Hesketh&#39s experience will be instrumental in creating a team that can

provide a first-class service.”


Deutsche Bank head quits

Dresdner Bank chief executive Bernhard Walter announced his resignation effective the end of April in the wake of the collapse of the merger with Deutschebank.The merger will not go ahead easing fears that both German giants&#39 UK fund management operations might have merged as a result.The merger fell apart earlier this week, after Walter voiced […]

Market Harboro&#39 hedges its bets with hybrid loan

Market Harborough Building Society has introduced a hybrid mortgage withfixed and flexible features and no extended redemption penalties.The fixed-rate part of the HedgeBetter mortgage is based on a rate of 6.49per cent for two years. The discount is 2 per cent off the society&#39svariable base rate for two years, producing a current rate payable of […]

Is Tory letter first class or a sham?

Are the Conservatives genuinely worried about the potential danger thatthe FSA could cause to IFAs when the Financial Services and Markets Billbecomes law? Or are they simply playing politics in an attempt to scorepoints against the Government in the months leading up to a generalelection?The IFA community seems split on this matter. Some share the […]

Lord Joffe

W hen Lord Joel Joffe rises in the House of Lords to propose legislationcalling for policyholders to get seats on insurance company boards, he willbe continuing a fight he began nearly a decade ago.For much of the time, Joffe, who was a founding director of Allied Dunbar,says he has been campaigning for fair treatment of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm