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Scottish Life appoints Polson as head of corp business

Scottish Life has appointed Mark Polson in the new position of head of corporate business.

Polson joins the pensions arm of Royal London with immediate effect, and will see him taking on responsibility for corporate pensions.

Scottish Life says the appointment reflects its strategy to grow and develop this area through the UK independent intermediary market.

Polson will report to group product development director Ewan Smith and will together set the agenda for new and existing products as well as providing supporting literature and other tools for advisers.

He was previously group pensions markeing manager and has been at Scottish Life for over three years, joining from Scottish Widows and Virgin Money.

Smith says: “The corporate pensions market continues to be a huge growth area for Scottish Life and the creation of this new position is not only testament to the businesss commitment to it but also a reflection of Marks ability and knowledge of the sector.”


Keydata defends strategy as Tenet shuns income bond

Tenet is refusing to sell Keydata’s secure income bond, which invests in US traded life policies, under an agreement reached with its PI insurers. The group, which owns networks Interdependence and M&E with over 1,150 IFAs, claims the product’s links to the US traded life market mean it is based on unproven actuarial assumptions and […]

Schroders launches new income product

Schroders is launching an income product that uses covered call options to generate a 7 per cent yield on UK large cap stocks. The income maximiser fund will be managed by Schroders head of structured investments, Richard Lloyd. The targeted yield is to be gained from a combination of dividends from the 40 stocks held, […]

Skandia rejected Old Mutual bid for lacking industrial logic

Skandia Life’s board offered a vision of a promising future as an independent company as one of its prime reasons for rejecting Old Mutual’s 3.1bn takeover bid this morning.Although Old Mutual’s offer has been judged as financially fair by independent assessor ABN Amro, Skandia Life says the combination of Old Mutual and Skandia lacks industrial […]

Standard Health buys First Assist

Standard Life Healthcare has bought the private medical insurance business of First Assist Insurance Services.


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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