View more on these topics

Pru and ScotAm intermediary sales merge in new company

The intermediary sales operations of Prudential and Scottish Amicable are to be combined in a new company called Scottish Amicable Financial Services.

Pru and ScotAm products will be available from the new company, which will employ 166 field and 70 telephone account managers. The Pru took over ScotAm in 1997.

ScotAm Financial Services group sales director John Cowan will head the new company. Cowan says: “In removing duplication of effort, this venture will help IFAs grow business by opening a wider portfolio of business from a single source.”

Recommended

IHT&#39s a year-round thing

Scottish Equitable is urging IFAs to view inheritance tax planning as a year-round consideration, not just one kept until the the end of the tax year. It believes the Budget on March 7 is unlikely to bring significant IHT reforms but believes a second Labour term may prompt changes to the system. It is offering […]

Juliaan Gibbs

The ideal investment is one that gives high potential growth or income with a guaranteed return. Credit Suisse First Boston has pioneered an investment for institutions which should achieve this objective. It invests in a portfolio of hedge funds and fixed-interest securities and gives a guaranteed return of the original capital invested after a number […]

Fragile future

There is danger lurking on the horizon for fund management as EU finance ministers discuss the future of collective investment. In advance of the new Ucits (undertakings for collective investment in transferable securities) agreement, which could be reached next month – and amid low general industry awareness – what is the current state of play? […]

&#39WP surrender values plucked out of the air&#39

Surrender values on traditional with-profits policies could be challenged by policyholders because life offices cannot calculate them accurately, say experts and IFAs. The Faculty and Institute of Actuaries&#39 working party report into with-profits shows many life office admin systems are inadequate and incapable of calculating accurate asset share or recording them on a policy by […]

Three stocks due a Brexit boost

By Mark Martin & Holly Cassell, Neptune Mark Martin and Holly Cassell highlight three high-conviction holdings in the Neptune UK Mid Cap Fund that they believe are well positioned to benefit from Brexit. Read more Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment