Assureweb is claiming that new links with four product providers’ websites will treble its new business transactions in the next year.The portal now links to the extranet sites of Prudential, Scottish Equitable, Standard Life and Scottish Pro- vident in addition to Nor- wich Union, Scottish Widows, Friends Provident and Legal & General. Assureweb director of product marketing Stephen Wynne-Jones says a lack of co-operation between portals and extranets has resulted in a failure to provide a good enough service for advisers. He says advisers are failing to benefit from the efficiency savings that a portal can provide as they have to access different providers’ websites and rekey data many times. Wynne-Jones says: “Based on current trends, we would predict that with these new provider links in place, Assureweb’s new business transaction volumes will treble during the next 12 months as we drive improved cooperation between the portal and provider extranets.”
Sesame is publishing an equ- ity-release booklet for members to give to clients with an expected wave of new providers moving into the market. The guide has been produced in response to mounting concerns about equity-release business which have been compounded by the FSA investigation in May. Equity Release Solutions, the referral service set up […]
Yorkshire Building Society is launching a new offset account that will track the Bank of England base rate for the full term of the mortgage.It offers borrowers a tracker rate 0.45 per cent above the Bank of England base rate, currently 4.95 per cent.Homeowners are also offered unlimited overpayments and no early repayment charges.Yorkshire Building […]
Structured product provider Product Innovations has teamed up with Abbey International to established the Opus Diversifier Dollar Capital Bond, a guaranteed equity bond aimed at high-net-worth investors.
Two weeks ago, I was talking to the head of commercial development at a major IFA firm about the ways in which the market has changed in the last few years.
Most of us would agree that pensions were complicated enough before April 2015, but since the pension freedom changes came into effect it has got a whole lot worse.
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Sipp firm Carey Pensions has claimed it never supplied marketing material to unregulated introducers to promote its products, as its High Court case rumbles on this week. Carey Pensions chief executive Christine Hallett gave evidence in the third day of the case yesterday, in which lorry driver Russell Adams alleges Carey Pensions missold him a Sipp. Prosecution […]
The FCA has announced two new co-directors for its financial advice and life insurance supervision. FCA director of competition Deb Jones and Nest Corporation executive director Debbie Gupta will be taking on the co-directorship in May. Prior to her position at the FCA, Jones was a director at the Office of Fair Trading for eight […]
A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]