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Vertex, Exchange in straight-through deal

Vertex and The Exchange are setting up a new business unit that will look to deliver straight-through life and pension processing. Vertex Life, Pensions and Distribution will be headed by David Childs.

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Two-year wait is over for life cover

Lifesearch has finally completed a life insurance policy which has taken two years to process. The 50,000 life-only policy for 16 years was submitted in June 2004. Head of protection strategy Kevin Carr says there were delays such as changes in the client’s circumstances, including occupation and health and delays in getting various medical reports […]

Montpelier to run funds

Montpelier is starting an in-house fund management arm and its own branded range of Sipps next month. Montpelier Capital Management will provide discretionary management services to clients, with third-party administration and back-office systems provided by US financial services giant Raymond James. Montpelier managing director Peter Bridges will act as investment manager and tailor multi-asset portfolios […]

Barnard blasts Pru critical plan

Dr Marius Barnard, the architect of critical-illness cover, has slammed Prudential’s new flexible protection plan, saying it is complicated and gimmicky. Barnard has long campaigned for the introduction of staged payouts based on the severity of a disease, which the Pru product offers, but he says these should only apply to critical diseases, not the […]

Marlborough cuts special sits’ charge

Marlborough Fund Managers is reducing the 5 per cent initial charge to 3.25 per cent on direct investments into its 126m special situations fund until October 31. Managed by Giles Hargreave, the fund has returned 580 per cent since Hargreave took it over in July 1998.

employee-focus-group

Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]

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