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
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