View more on these topics

Berkeley Morgan in move to Assureweb

Berkeley Morgan is dropping electronic trading platform Webline in favour of Assureweb in a move that appears to reinforce the growing appeal of no-fees internet-based services for IFAs.

The deal comes after national IFA Towry Law moved to Assureweb from market leader The Exchange in October.

BM had been using Webline for two years but decided to move across after consulting with Assureweb for a number of months. It will not pay an annual licence fee or monthly subscription as Assureweb does not charge IFAs for use of its software. Assureweb says BM&#39s advisers will also benefit from increased commission for online transactions.

Assureweb chief executive Charles Bryant believes the deal is a significant step in growing the portal&#39s business. He says: “The fact we are securing relationships like this is testimony to the strength of our overall proposition. Winning clients from some of our main competitors is further evidence that the proposition is the right one.”

BM operations manager Paul Nugent says: “The initial appeal of the Assureweb proposition was the ability to write policies online, together with the cost savings we would make against the Webline offer. However, as the project progressed, we were also impressed by the Assureweb training proposition, the new business capability and an overall willingness to build an ongoing relationship and work with ourselves to ensure our needs were fulfilled.”


Correspondent&#39s week – Stephen McDowell

I am tired of being a corporate statistic, a digit on a spreadsheet in someone&#39s meeting where they try to “target industry verticals” by “ticking the right boxes” and “pressing hot buttons”. I am a person with a voice and an opinion. I want to be a customer. What&#39s wrong with that? Why can&#39t my […]

Anglo Irish Bank – Capital Protected Bond Issue III

Type: Offshore guaranteed equity bondAim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £10,000 Term: Five years and six months Return:Up to 100% growth at end of term Guarantee: Original capital returned in full regardless of the performance of the index Place of registration: Isle of Man Commission: Initial […]

Standard: End of mutuality?

May 2000: Independent insurance analyst Ned Cazalet says Standard Life would be worth £16bn if it demutualised.June 2000: Standard Life sees off carpetbagger Fred Woollard, with 53.4 per cent of the 1.1 million policyholder vote supporting continued mutuality.December 2001: Iain Lumsden takes over as chief executive following the retirement of Scott Bell.May 2002: Finance director […]

Widows cuts bonus rates

Scottish Widows has announced it is cutting bonus rates on many with-profits policies. Unitised with-profits life and pension policies regular bonus rates are down between 0.5 per cent and 1 per cent, while conventional life policy bonuses will remain the same. However, most conventional pension policies will see no regular bonuses. The changes take effect […]


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