View more on these topics

Revamp for Abbey Nat&#39s brand stable

Abbey National is set to stamp its name across its stable of companies in a revamp of its intermediary business ahead of the expected depolarisation of the market by the FSA.

The rebranding exercise, to be rolled out internally later this month, will see existing brands such as Scottish Mutual appearing under the Abbey umbrella. The move mirrors internal reorganisation of the group&#39s businesses by function rather than brand.

The move will see ScotMut, Scottish Provident, Cater Allen, James Hay and Abbey&#39s intermediary mortgages come under the remit of newly appointed Abbey National director of sales and marketing Ambrose McGinn.

The move echoes AMP&#39s decision to dual-brand its NPI, Pearl and London Life subsidiaries last year.

McGinn says: “Our research shows that there is a lot of strength in the Abbey National brand with intermediaries. The sum of the parts adds up to a considerable whole when put across all the brands.

“The decision is taken in the context of depolarisation but it is not the key driver. It says if you tie with Abbey National you get to choose from the following stable of products.”

The Abacus director Philip Martin says: “I would be amazed if IFAs perceived the Abbey National name warmly as it is associated with bancassurance and therefore direct competition. Changing the label does not change what is in the tin.”


&#39Regulation of GPPs needs to be tidied up&#39

Many IFAs do not have sufficient specialism to deal with corporate pensions and there is a need to tidy up the regulation of group personal pensions, according to the Pickering report.Pickering is also calling for a “new kind of regulator” to police the way that IFAs deal with occupational pensions and the way that group […]

Misys IFA supremo to move to banking arm

Misys&#39s financial services head Ivan Martin is moving to head up the group&#39s banking and securities division as part of a management reshuffle ahead of offloading its IFA networks.Martin moves from his role as Misys financial services division chief executive to the position of chief executive of the banking and securities division. Group managing director […]

Market welcomes contracting-out moves

Industry figures have welcomed Pickering&#39s proposals for changes to the rules for contracting out which propose a break in the link between contracted out rights and other rights.Pickering is proposing a simpler evaluation of contracted-out benefits and no requirement to provide limited price indexation or survivors&#39 benefits as a precondition for contracting out.He wants to […]

Britannic gives up on finding a buyer

Britannic Group has accepted defeat in finding a buyer for the business as a whole blaming current market conditions.The announcement opens the door to individual buyers being found for Britannic Asset Management, Britannic Retirement Solutions, Britannic Money and Britannic Assurance.Britannic Group chairman Harold Cottam says: “As part of our strategic work we have explored a […]


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