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Millfield reveals multi-tie structure

Millfield has announced the appointment of six strategic partners for its multi-tie proposition.

The six companies, which have each signed a contractual agreement lasting five years, are Axa, Friends Provident, Norwich Union, Scottish Widows, Skandia and Prudential.

The launch of the multi-tie proposition is scheduled for the first or second quarter of 2005.

Chief executive Paul Tebbutt says: “We believe that these appointed multi-tie partners offer the best available choice of high quality products and service levels with enhanced remuneration. They are all established and highly regarded financial product providers, and we believe that this is an extremely attractive proposition for any financial intermediary.”

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