Tom Browne

1 week ago | moneymarketing.co.uk | Momodou Musa Touray |Tom Browne

Zurich has become the seventh insurer to join the CIExpert Income Protect Insight Zone. It joins a growing list of insurers who recognise the importance of equipping advisers with easy access to in-depth product insights. Zurich now makes all its personal and business life cover and critical illness plans, plus personal income protection available to all CIExpert subscribers. CIExpert’s Income Protection Insight Zone offers advisers a ‘birds-eye’ view of all policy options.

1 week ago | moneymarketing.co.uk | Tom Browne |Dan Cooper |Kimberley Dondo |Roderic Rennison

It’s fair to say 2020 and 2021 weren’t your average years for MM, unless your average year includes a global pandemic, an economic nosedive and a political shake-up or two. Let’s start with the obvious: COVID-19. Practically overnight, the world shut down. Shops closed, planes were grounded and a sizeable chunk of the workforce swapped commutes for kitchen tables. The UK economy took a brutal hit, shrinking nearly 10% in 2020 — the steepest fall in over 300 years.

1 week ago | moneymarketing.co.uk | Tom Browne |Darius McQuaid |Momodou Musa Touray

AAB Wealth, the chartered financial planning arm of professional services firm AAB, has announced the acquisition of London-based Magus Wealth. This increases its Assets under Advice (AuA) to £1.8bn, a £650m uplift. The deal, subject to regulatory approval, marks AAB Wealth’s first acquisition in the capital and reflects a strategic focus on expanding its presence in London and the South-east. It brings the total number of AAB employees to over 1,000.

2 weeks ago | moneymarketing.co.uk | Tom Browne |Momodou Musa Touray

Scottish Friendly has agreed to acquire a substantial block of pension and annuity business from Fidelity International, in a deal that will increase the mutual’s assets under management to more than £6.3bn. The acquisition includes a £2.16bn Section 32 pensions book covering around 40,000 policyholders across 76 schemes, as well as an annuities book with £6.6m in liabilities and around 1,000 annuitants as of 31 December 2024.

2 weeks ago | moneymarketing.co.uk | Tom Browne |Momodou Musa Touray

The Chartered Insurance Institute (CII) is calling for a “coalition of the willing” within the insurance sector to go beyond identifying vulnerable customers and focus instead on delivering consistent, meaningful support. A new roundtable report by the professional body stresses the need for senior leaders to take ownership of vulnerability strategies, rather than leaving the responsibility to compliance or customer service teams.