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ScotEq setting up group risk team

Scottish Equitable Employee Benefits is creating a specialist group risk underwriting team.

The aim of the team is to enable the company to provide IFAs with better servicing and allow it to offer more competitive pricing.

The team will create bespoke solutions to match IFA clients&#39 group risk requirements.

It will be headed by Rod McCarthy, who has been promoted to group risk actuary with responsibility for a team of three specialist group risk actuaries.

McCarthy has been a key figure in ScotEq&#39s launch into the employee benefits market over the last 12 months.

Employee benefits represents a growth area for ScotEq. The company recently reported it has written more group risk business in the first six months of 2001 than during the whole of 2000.

It believes the whole employee benefits market is growing, driven by the introduction of stakeholder pensions. It says this is prompting many employers to consider broader employee benefits schemes alongside their pension provision.

Head of operations Iain Horn says: “The new team will enable us to provide independent advisers with a superb level of service in terms of pricing of group risk schemes and will build on what we have achieved in this market already this year.

“We are delighted with our progress so far and are confident that this initiative will spell good news for IFAs.”

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