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HSBC prepares for D2C platform launch

HSBC is preparing to launch a direct-to-consumer platform powered by technology provider FNZ.

The group is also looking to FNZ to power a platform for its in-house advisers. It has not set launch dates for either proposition.

FNZ already supports the HSBC Workplace Retirement Service proposition, which formally launched in November 2010.

FNZ powers a number of other platforms including Axa Elevate, Zurich and Standard Life.

In April, HSBC announced it was to axe its tied advice service but would continue with its whole-of-market adviser and execution-only arms.

Both HSBC and FNZ declined to comment.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Nice work FNZ. Thats another few million in the bank from selling the same old software to another client who really should have the capability to build and operate a custodial/wrap function of their own!!

    Now HSBC are tied to years of pricey and ineffective software updates and an offering that will look similar to many others.

    How long before some early FNZ adopters jump ship? SL looking at IFDS. Many others will be too.

  2. Let the chaos begin !

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