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Direct Life sets up broker with Fool

Direct Life & Pensions Services and have linked up to launch a life insurance brokerage called The Motley Fool Life Insurance Service. will become an introducer appointed representative of Direct Life offering an online and call-centre life insurance service to its members and users, administered by Direct Life’s systems.

Both Direct Life and Fool. have plans to expand the service into other pure protection product areas in the future. managing director Saul Devine says: “Partnering with Direct Life gives us a much improved quote engine and better customer fulfilment.

“The service will enable users to get quicker quotes, instant cover with express underwriting, and will also provide dedicated telephone support.”

Direct Life sales & marketing director Richard Verdin says: “ is a very modern and forward-looking business. They have a great brand, which is highly regarded by consumers and financial services professionals alike. In 2007, consumers do not only recognise the value of being able to compare products and prices 24/7, they expect it.”


IFA zeroes in on Widows with-profits

An IFA has sent a letter to Scottish Widows chief executive Archie Kane asking him to explain why the firm’s with-profits fund has had a zero bonus rate for the last four years despite being invested over 50 per cent in equities.Radical Financial Services director Derek Richings says he sent the letter to Kane after […]

FSA alert over focused advice

Many advisers are unaware that they can offer focused rather than full advice for product-specific enquiries, causing advice gaps in areas such as with-profits, says the FSA.Insurance sector leader Sarah Wilson says some of the existing market deficiencies may be caused by advisers being uncertain about FSA rules.She says providers are sometimes unsure about the […]

Clash over conflict of interest in wrap shares

Advisers do not run the risk of conflicts of interest by receiving shares in a wrap, according to Helm Godfrey managing director Bruce Wilson.At the MM retirement planning summit in Nice, Wilson said he chose to use the independent Nucleus wrap rather than a provider-sponsored offering because there are no guarantees that a provider-led wrap […]


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