View more on these topics

Scottish Life aims at DB outsourcing

Scottish Life is targeting the defined-benefit outsourcing market with a suite of services.

The core proposition will comprise actuarial, administration and documentation services, with firms able to bundle in additional services such as specialist accounting and investment management.

Head of corporate business Mark Polson says the plan is designed to bridge the gap between self-administered schemes and fully bundled insured arrangements.

Polson says companies outsourcing aspects of their pension schemes can ensure that costs are more predictable and transparent. He expects demand for its liability-driven asset allocation service, called managed strategies for defined benefit, to be high and sees that as a key differentiator of the firm’s service. The service will sit alongside Scottish Life’s fully bundled insured defined-benefit proposition.

Polson says: “Our clients and their advisers have told us that there is space in the market between unbundled – self-administered – schemes and the fully bundled, insured arrangements offered by most life companies.

“We are confident that we can offer schemes an attractive range of professional services to allow them to bring their costs under control while still accessing the expert administrative, actuarial and investment assistance they require.”


Signs of life in dna analysis

A city analyst has accused consultant Ned Cazalet of exaggerating the level of churning in financial services, arguing that persistency problems lie primarily with life products rather than pensions.

Jupiter puts global income fund on ice

Jupiter has put off plans to introduce a global version of Anthony Nutt’s £3.7bn income trust for at least a year.The fund firm said last month that it was considering a launch early next year but has postponed plans until at least the end of 2007.Nutt says it is difficult to find good value investment […]

Watchdog praises mortgage brokers

Mortgage brokers have been praised by the Financial Ombudsman Service for a continuing low level of complaints.Relationship manager Peter Bristow says only 3 per cent of complaints received last year related to mortgage brokers.Of the 113,000 complaints, 70 per cent were about mortgage endowments but the loan market fared much better.Bristow pointed out how brokers […]

Roche moves to Legal & General

Legal & General has appointed Andy Roche from Zurich in the newly created role of national sales manager for its general insurance business.

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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