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.
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 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 […]
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 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.
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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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]