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Openwork moves into motor, pet and travel insurance

Multi-tie network Openwork has today announced it is broadening its product range to offer motor, pet, and travel insurance, through a deal with broker Endsleigh.

The offering will go live on the October 18 and comes as Openwork says it is keen to extend its general insurance offering with the new products added following feedback from advisers who are finding more and more clients requesting quotes for their broader general insurance needs.

Openwork mortgage proposition director Paul Shearman says: “We have broadened our product offering to enable our advisers to offer a fuller general insurance range to their clients. General insurance products are good for advisers, the sales are simple and the commissions and renewal premiums are generous, meaning a little time spent with clients can become a great investment.

“We have joined up with Endsleigh because it offers a competitive, effective and tailored solution to our advisers.”


The churning tide

The FSA wants action taken to stem churning but is it always gratuitous?

Standard plea over net business figures

Standard Life chief executive Trevor Matthews has called on pension providers to publish net business figures in their company results. The rallying cry comes as the industry faces criticism about churning and a misleading focus on new business figures. Matthews says he has been lobbying for insurers to publish the amount of business they lose […]

New Star loses £10m as online gambling sinks

New Star UK fund managers Stephen Whittaker and James Ridgewell saw almost £10m wiped off the combined value of their funds after online gambling shares plummeted on Monday. Whittaker’s £390m UK growth fund held a 5.2 per cent weighting in the sector which has since dropped to 2.9 per cent. Ridgewell’s £51m UK special situations […]

Premium rate

It now appears that valuing a life policy placed in trust will need to have regard to the premiums paid


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


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