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Bellpenny chooses Zurich as lead platform provider


IFA consolidation firm Bellpenny has selected Zurich as its lead platform provider.

Bellpenny, which completed the acquisition of the client bank of Glasgow-based IFA firm KM Financial earlier this week, says Zurich was chosen as its lead integrated platform provider following a due diligence process.

Bellpenny chief executive Kevin Ronaldson says: “Zurich’s platform gives our Financial Planners everything we’re looking for in terms of product choice, ease of use and ability to integrate easily with existing technology. 

“We are confident that the platform will add real value to our advice model.”

Last week, Zurich reported a £38m drop in half-year profits for its UK life business, down from £98m last year to £60m this year.

The provider says it will publish both assets under administration and adviser numbers for its platform in autumn this year.

The Platforum head of adviser platforms Freddie Findlater says: “The Bellpenny announcement is another big win for the team at Zurich following the announcements from both SimplyBiz and Lighthouse Group in recent weeks.”


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