View more on these topics

Assureweb poaches Exchange ex-clients

IFA portal Assureweb says it is developing multi-tie solutions for a number of former clients of rival The Exchange.

The provider-owned portal says it has swiped IFAs including Destini, Park Row and Lighthouse Group from under its rival’s nose because it can offer them a more competitive, flexible multi-tie proposition.

Webline recently poached Positive Solutions IFA and Charcol from The Exchange.

But monthly user figures show The Exchange is still out in front with 13,500 regular users followed by Assureweb with 8,000 and Webline with 50,938 log-ons last month from across 13,600 users.

Assureweb head of transaction delivery Stephen Wynne Jones says: “We have developed flexible multi-tie technology that can support these businesses. We have a proven solution we have already put in place for St James’s Place and competitor IFA firms want to see what we can offer them.”

The Exchange spokesman Charlie Musson says: “The range of products that we offer is much wider than the other portals. Are these IFAs going to multi-tie for areas such as protection and look elsewhere for life and pension products?”Webline managing director Paul Holland says: “Everyone would certainly be interested in seeing the Assureweb multi-tie proposition in action. I certainly haven’t seen it and neither have the clients.”


Planning for D-Day

With the FSA unveiling the rules for the depolarised market on Decem-ber 1, we ask leading industry figures how this will affect advisers.

Advantage Home Loans reassures brokers of its position following Watchdog report

Advantage Home Loans would like to make it clear it has no relationship with Advantage Loans based in Bournemouth which appeared on the BBC’s Watchdog programme.Advantage Home Loans, the mortgage arranger has received a number of phone calls from brokers concerned with the content of the programme and it wishes to clarify the situation.Advantage Home […]

Product Matters

It has been a while since there has been anythingapproaching excitement in the world of structured products and while the entry of German bank West LB (under the Structured Solutions Group brand) into an overcrowded market would not normally get the pulse racing, the nature of the first product launch has certainly caught my eye. […]

Ventus plans for wind of change

Brewin Dolphin Securities is sponsoring the Ventus VCT, a specialist venture capital trust that invests in companies developing, constructing and operating small UK wind energy projects.

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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