View more on these topics

ScotAm takes fourth spot on Misys stakeholder panel

Scottish Amicable has taken the much sought after fourth spot on super-network Misys&#39 stakeholder pension panel.

The panel, revealed exclusively in last week&#39s Money Marketing, already consists of Clerical Medical, Scottish Widows and CGNU.

A decision on two further providers on the panel will be made in June. Among the contenders are Standard Life, Friends Provident and Scottish Equitable.

The panel, which comes into effect next April, will be operated by Misys&#39 IFA networks, including Countrywide Independent Adv-isers, Financial Options and Kestrel Financial Management.

Misys says the providers were chosen to join the panel because of their commitment to the retail pension market, their excellent consumer value and the quality and user-friendliness of technology together with their support of independent advisers.

But some industry insiders claim Misys had demanded better commission terms and differential pri- cing than rival advisers and networks.

Misys IFA Services sales and marketing director Max Wright says: “We have an obligation both to IFAs and the consumer to provide the best products and the aim of the preferred list is to offer a first-class vehicle to save for retirement either on an individual or group basis.”


LSE will continue to be independent

The London Stock Exchange has announced a doubling of pre-tax profits from £24m to £48.5m last year. The numbers were released as LSE chief executive Gavin Casey says the exchange will continue to exist as a subsidiary of the merged London and Frankfurt listings, iX. The news may appease those wary that the much publicised […]

&#39Stakeholder shifts up market to be PP&#39

IFAs and pension providers claim stakeholder is set to become little more than acost-controlled personal pension following recent statements from the Departmentof Social Security and the Treasury.They believe the Government is finally beginning to come clean about its true intentions behind the stakeholder project.Recent declarations by ministers seem to herald a move to shift stakeholder […]

Cazalet releases Standard Life numbers

Financial analyst Ned Cazalet fired off another salvo against Standard Life this weekend, claiming that on the basis of the Scottish Widows demutualisation it would be worth £16bn.Using the same methodology as Standard Life&#39s own actuarial advisors Tillinghast, Cazalet says the average windfall would be £7,000.The UK&#39s largest mutual has threatened to sue Cazalet for […]

Early warning on retiring at 50

London York Asset Management has introduced the select income fund, a fund of funds that invests in a range of unit trusts in the UK and overseas. London York manages the fund and City Financial Managers administrates it.Examining the market suitability of the product Posner says: “This is a relatively high-yield fund of funds incometrust […]


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 thought leadership.

    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