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Assureweb wins first deal with consumer site

Assureweb has beaten off competition from The Exchange for a deal to provide UK Life Direct with a quotation tool for its customer website.

The move is its first step into the direct-to-consumer sector, where The Exchange has a major market share.

Assureweb is creating a simple quotation tool that UK Life Direct will license to power its consumer-facing website. Potential customers of UK Life Direct will be able to visit the website and search for details of the leading term insurance products.

Assureweb will automatically rebate commission when requesting quotes from product providers to ensure UK Life Direct can provide competitive rates to potential customers.

Assureweb head of portal strategy Stephen Wynne-Jones says the company will now offer this service to other firms that want to use interactive services on their website but are dissatisfied with the “expensive and complex propositions” on offer from competitors.

He says: “This win has demonstrated the opportunity we have in this market because our first ever competitive test of the new proposition has succeeded. With another IFA firm already committed to buying the service, we are confident that uptake will be positive.”

The Exchange PR manager Charlie Musson says: “Our focus has always been to make sure our service remains the most competent in the market. If we can do that and also provide speed, resilience and longevity, then we will continue to be the preferred choice for intermediaries.”


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IFAs are getting the message as Emx expands

Emx is expanding rapidly into the IFA life and pension markets and has signed up over 30 companies to its electronic transaction service this year. The latest big provider names to sign up include Abbey Wrap, GE Pensions, James Hay, Winterthur Life, Zurich and Allied Dunbar. A number of IFAs, including Positive Solutions, Duncan Lawrie […]

Amber sells £65m mortgage portfolio

Amber Homeloans has announced the salel of a mortgage portfolio with a value of £65m to Future Mortgages, part of Citigroup. The portfolio was made up of self-certification and light adverse assets. This is the second transaction between Amber and Future. Amber was advised by Pinsents and Future by Allen Overy LLP. Amber managing director […]

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


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