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“Yes. Abbey have completely ruined Scot Prov. It was a good company before they got their hands on it.”

Nigel Graham, Stevenson Financial Planning Centre

“No. But ScotProv has a lot of good protection products giving the industry a good variety. If products start going as well as people it will leave a bit of a hole in the market.”

John Stirling,Stirling Independent

“I am of two minds. It will not change the fact that ScotProv will still be around but it will definitely affect service levels negatively.”

Alan Stewart,Alan Stewart & Co

“No but I cannot see much advantage in this decision. My experience has been that when providers move staff outwards, this inevitably leads to poorer service levels.”

William MacDonald, Sutherland Financial Services

“Yes. They all say that nothing will change but ultimately ScotProv will be absorbed through cost-cutting.”

Byron Longstaff,Byron Longstaff Independent Financial Consultancy

“Yes. In the medium to long term, I think it will go. It is just the way that the industry is headed, with consolidation.”

William Maclean,Maclean Financial Management

“No. They are only moving to Glasgow so I can&#39t see it being a problem.”

Gordon Main, Gordon Main Financial Services

Yes – 50%

No – 38%

Don&#39t know – 12%


AMI aids brokers in AR dilemma

The Association of Mortgage Intermediaries has started a service to help brokers who want to become appointed representatives with mortgage networks.The FSA&#39s decision not to pre-authorise networks ahead of mortgage regulation has left many brokers unsure which networks to join as ARs.The FSA will publish “minded to authorise” letters following preliminary checks on networks but […]

Standard may need to sell loan and healthcare arms

Standard Life could be forced to sell off its Standard Life Bank and Standard Life Healthcare if it wants to remain mutual, according to a leading City analyst.The analyst, who spoke on the condition of anonymity, says the subsidiaries would only be likely to remain within Standard Life if it committed to demutualisation. The analyst […]

WPA launches PMI product for new businesses

Health insurer WPA has launched a new private medical insurance product for small and start-up companies. WPA says the Smart-Start product costs 60 per less than similar schemes, getting staff back to work as soon as possible by avoiding NHS waiting lists. A 25-year old in Reading would pay £100.73 a year for Smart-Start which […]

Rough landing by airline

We were contacted by a 53-year-old woman who was made redundant when her employer, a well-known airline, was placed into receivership. She had been informed that her previously guaranteed final-salary pension fund was underfunded and the transfer value had fallen from £346,000 to £226,000 in 12 months. She was very angry with her employer and […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


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