Wednesday, 28 March 2012

L&G's protection partnership with Mansfield B.S.

Legal & General has announced a mortgage and family protection partnership with Mansfield Building Society, the UK's 31st largest society, with a membership of approximately 27,000.

No details have yet been provided about the length of the partnership or the start date. However, it again demonstrates the commitment of L&G to the sector; in which it has similar deals with societies including Yorkshire, Skipton and Cambridge. 

At the time of writing, the Mansfield continues to partner with Heath Lambert for home insurance and with local IFAs, R.A. Cowen & Partners, for financial planning.

Thursday, 22 March 2012

Yorkshire B.S. extends partnership with L&G

Yorkshire Building Society, the UK's second largest building society, has announced that L&G is to become the main provider of finanical advice (protection, investments and planning) for its major brands. L&G already provides advice for Yorkshire and Barnsley Building Society customers and this will be extended to Chelsea Building Society customers during 2012.

The 2 organisations have stated that this will allow the Society to offer customers a range of advised and non-advised products, in preparation for the RDR in January 2013.

The move shows more evidence of L&G's push into partnerships, although Yorkshire's home and motor insurance remains with RSA and MPPI with Cardif Pinnacle.

Thursday, 8 March 2012

Nationwide provides limited panel annuity advice

In the same week that Fidelity has announced its partnership with Annuity Direct, Nationwide has launched an annuity service for branch customers with small (but over £18,000) pension pots. The service is being administered by the Open Market Annuity Service; part of the Just Retirement Group. 

The panel is limited to only 6 providers and comprises Just Retirement, L&G, Aviva, LV=, Partnership and Canada Life. It is available on either an advised or non-advised basis.

Fidelity partners with Annuity Direct for whole of market retirement advice

Fidelity Worldwide Investments has partnered with IFA Annuity Direct, to offer its DC (Direct Contribution) pension customers, whole of market advice on purchasing annuities. 

The service starts in July 2012 and provides Fidelity's customers with guidance on the full range of retirement options and to access the best available rates.

The new service also allows Fidelity to claim that it will exceed the requirements of the ABI's code of conduct on shopping around for annuities, due to be implemented in March 2013.