Former Liffe chairman Jack Wigglesworth joins Majorband board

Former Liffe chairman Jack Wigglesworth joins Majorband board

Jack Wigglesworth, former chairman of Liffe, has been elected to the board of directors of Majorband Ltd., an Internet software start-up for the life and pensions industry.

Wigglesworth states: “Majorband is creating the future for the life & pensions industry with straight-through processing software solutions that drive out inefficiencies. Customers, employers and intermediaries will now be able to set-up and manage pension policies via the Internet.”

Majorband's proprietary software, Pario, enables allow customers to apply life and pension products online, select pension funds, change asset allocations, set-up and change contribution amounts, update personal details, view account valuations, and receive statements via email. The company was established in London in 2000 by a group of former Accenture employees.

Currently chairman of both Cablenet, an e-commerce service provider for the cable industry, and Litcomp, a national supplier of medico-legal reports to solicitors and insurers, Wigglesworth served the London International Financial Futures & Options Exchange for 19 years.

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