UK out-of-hours primary care provider Healthcall has appointed insurers Legal & General (L&G) to administer its stakeholder scheme, covering about 2860 employees.
L&G will provide access to 21 Legal & General funds, eight ‘lifestyle’ funds, and 16 external funds managed by Newton Investment Management, Deutsche Asset Management, Societe Generale, and JP Morgan Life Assurance. The default fund is L&G’s UK equity index fund.
There was no formal tendering process and L&G was selected on the basis of previous cooperation, added a spokeswoman for Healthcall.
Commenting on the announcement, Robbie Burns, Healthcall’s group managing director said: “This is the first of a number of initiatives to add value to our customer relationships.”
The organisation has also signed an agreement with L&G to offer additional products to its staff, GP customers and GP practice staff.
By Madhu Kalia
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".