View more on these topics

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.”

Recommended

Close Property&#39s Ace in the hole

Close Property Investment is offering a commercial prop erty fund aimed at producing a target income level of 6 per cent a year. The active commercial estates fund allows investors to either take the income annually or to roll it up to achieve capital appreciation through investing in accumulation units. Ace proposes to acquire property […]

Firms should take Skandia approach

A national newspaper had an article on August 20 saying that the Financial Services Authority had said that at least Equitable Life had good investment portfolio. That&#39s all right, then. Let us hope that the good investments did not include such blue-chips as Marks & Spencer and ICI which have gone down against the All […]

Jacobs Insurance Brokers suspended

IFA Jacobs Insurance Brokers of Cavendish House, Cavendish Road, Highams Park, London has been ordered to cease conducting and soliciting investment business by the PIA because it cannot meet the regulator&#39s financial resources requirement. This is the eighth firm the PIA has suspended this year because they can no longer meet the financial resources requirements […]

FSA renews high-income warning

The FSA has issued a new warning that consumers should be aware of the level of risk in high-income products. It says investors must understand that if the associated stockmarket index falls significantly, they can lose some or all of their capital. Providers currently offering such products include GE Life, EuroLife, Inora Life, NDF Administration […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com