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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.”

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