View more on these topics

Pearl appoints director of M&A

Pearl Group has appointed former JP Morgan Cazenove vice-chairman Terry Eccles as director of M&A.

Eccles worked at JP Morgan for 30 years and helped launch JP Morgan’s financial institutions team in 1986.

Transactions he worked on include advising TSB on its merger with Lloyds, Banco Santander on its acquisition of Abbey National and Barclays on its purchase of South African retail bank ABSA.

He became global head of financial institutions before becoming vice-chairman of the joint venture between JP Morgan and Cazenove in February 2005.

Eccles will work part-time with Pearl Group and will be responsible for dealing with acquisition opportunities.

Pearl Group executive director Hugh Osmond says: “We’re delighted that someone of Terry’s calibre has agreed to join us and coordinate our M&A activities.

“We have big ambitions in the sector and believe that the innovative steps we’ve taken so far demonstrate our commitment to improving prospects for policyholders and pensioners.

“We are keen to attract other life books and significant final salary pension schemes, where vendors, sponsors or trustees are looking for a better approach to managing their capital, assets and liabilities, and which can improve the prospects for policyholders or pensioners.”

Eccles says: “I’ve been very impressed by what Pearl has achieved for its policyholders since acquisition. It is taking an innovative approach to closed life books, applying new skills and techniques which have quite dramatically changed the prospects for Pearl policyholders in a short time. I’m looking forward to working with the team at Pearl to help effect further transactions.”


Providers unite to promote e-services

A collaborative industry website and information hub has been set up to encourage the take-up of e-services across financial services.

To Sipp or not to Sipp?

It was never going to be long before the battle lines were drawn in the Sipp playing field and Scottish Life has made the opening salvo.

Bupa revises CI product

Bupa Individual Protection has revised its critical illness product covering 14 additional conditions above the ABI minimum standards.

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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