View more on these topics

Advisers sign up to sell online benefits package

Online employee benefits software specialist 4th Contact has signed partnerships with 21 IFAs to promote its service, which allows employees to keep track of their benefit packages online.

Working Wealth is designed to cut out many of the administrative costs which it is argued prevent small and medium-sized companies from offering flexible benefits to their employees.

It allows employees to keep track of the value and status of benefits such as pensions, life and health insurance.

Five of the 21 IFA firms will act as resellers and take responsibility for the marketing and sales of the service, while a further 16 will act as introducers, passing new business back to 4th Contact.

Annual fees for the service start at £44 per employee. It is aimed at companies with between 10 to 500 employees.

IFAs were selected by 4th Contact because of their existing activity in the corporate market. They include Millfield Partnership, BMS Financial Services, Lighthouse and Jackson Batten Financial Group.

BMS Financial Services managing director Tim Johnson says: “Working Wealth opens up a huge new sales territory for us because it makes flexible benefits available to even a 10-member scheme.

4th Contact chief executive Paul Watson says: “The IFAs we have signed up are all technology-aware forward thinkers, who are planning to expand their businesses rapidly by focusing on our core market, fast-growing clients with between 10 and 500 employees.”


IFS goes electronic

The Institute of Financial Services has introduced electronic testing to allow members to sit its Certificate for Financial Advisers when and where they want.Advisers are no longer restricted to sitting public exams at fixed times during the year and they can now register five working days before they want to sit CeFA papers one and […]

Insurance premiums will continue upward growth

Insurance premiums will continue to rise over the next 12 months and possibly for the next three years according to two leading UK life offices.Both Royal & Sun Alliance and Norwich Union have predicted a rise in premiums, despite the fact some policyholders have seen rates rise 26 per cent during the past year.

PIA expels &#39unfit&#39 Surrey IFA

The PIA has expelled a Surrey IFA for being unfit to conduct investment business and failing to meet the regulator&#39s financial requirements. The PIA says Professional Advisers Investment Services of Regent House, Guildford, which had four RIs, was expelled after being placed into creditors&#39 voluntary liquidation on March 10. At least one of its clients […]

Furness strives for five-year best

Furness Building Society has introduced a five-year fixed rate mortgage that is available for loans of up to 80 per cent of valuation.The mortgage is fixed at 5.74 per cent until July 7, 2006 and the maximum loan is £150,000. An early redemption penalty of 5 per cent of the loan is payable during the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm