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Pearl and Prudential in annuity deal

Pearl personal pension customers will have access to a Prudential annuity when their plan matures under an agreement announced by the two providers today.

Under the agreement that will run for five years, Pearl customers will be offered the same annuity rate Prudential currently offers through IFAs.

Prudential UK director of corporate partnerships Isabel Hudson says: “This agreement marks a step change in our strategy to deliver key partnerships. We continue to develop other opportunities over the coming months.”


Kensington sets up new sub-prime firm

Kensington is launching a new lender, Money Partners Limited, which will offer a range of firstand second-charge mortgage products via introducers which do not currently recommend Kensington products. Kensington finance director Simon Kingdon will be moving to MPL as finance director. He steps down from the Kensington board on October 1. Kensington will acquire the […]

Equity-release edge: Ray Boulger

The introduction of mortgage regulation was always likely to result in a temporary slackening of supply in the mortgage market as a whole and equity release is no exception. As M-Day looms, some equity-release lenders are imposing a temporary moratorium on new business while others are starting to widen margins in a bid to reduce […]

Advisers take the tablets for face-to-face meetings

A new computer system will allow Positive Solutions&#39 advisers to input client information writing freehand using an electronic pen, a laptop and mobile phone technology. The company believes the Intuitive system which uses tablet PCs will help advisers when they are with clients as they will not get distracted by having to type in fact-find […]

8 per cent APE new business growth for Scottish Life in H1

Scottish Life increased its annual premium equivalent business by 8 per cent to £74m for the first half of 2004 from £68.5m for the same period last year. Individual pensions business rose 21 per cent to £32.7m from £27m while group pensions business grew 2 per cent to £36.3m from £35.5m over the period. Scottish […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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