View more on these topics

Torquil Clark duo plan new venture

Torquil Clark Life Insurance directors Jason King and Simon Platt have quit the firm to set up a new venture.

King and Platt co-founded Life Policies Direct in 1999, which was later acquired by Torquil Clark in 2004.

The pair have not yet announced details of the planned business but say it is unlikely to launch until next year.

King caused a stir recently when he found the straight-through application process for a term insurance policy generated 29 metres of paper.

King says: “We have been pleased to continue directing the business through the transition period of becoming part of the Torquil Clark Group.”

Platt says: “Now that our staff are firmly established, it is a good time for us to move on to new projects.”

Torquil Clark Group managing director John Chapman says the company’s proposition was strengthened by the acquisition and remains well placed in the industry.

He says: “We look forward to continuing the momentum of current business growth while wishing Jason and Simon the very best for the future.”


MGI won’t overload mandates

Mercer Global Investors says manager of managers is a such a scaleable strategy that it will never take between more than two to five managers to run a portfolio.

Total return ‘flawed’ for equity income

Heartwood Wealth Management says separating income performance from growth performance when selecting equity income funds provides a better overview of funds’ risk profiles than just analysing total returns.


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