Sesame has picked Assureweb to power its multi-tie, four months after the network broke ties with the portal after a provider buyout.The deal comes as the portal battle for new multi-tie contracts intensifies with The Exchange announcing it will supply all the technology behind Lord Leitch’s Intrinsic project. Sesame commercial director Charles Bryant says its move reinforces Assureweb’s position as portal of choice for the network and will ensure that advisers that are part of the multi-tie can maximise profits thr- ough reducing the burden of admin. Assureweb says advisers will have access to a dedica- ted Sesame Select area within the portal, providing news and information about the proposition as well as links to the five providers’ extra-nets and microsites. Assureweb director of product marketing Stephen Wynne-Jones says: “E-trading is at the heart of Sesame’s proposition and being the only portal that can offer comparative quotes, fully refined illustrations and links to provider extranets to write new business, Assure-web is uniquely placed to offer Sesame Select advisers a complete, joined-up multi-tie service.” The Exchange managing director David Child says: “Intrinsic chose us because of our financial backing and partnerships with the likes of IBM, which is something that our competitors cannot offer to the same degree.”
It is a bird? Is it a plane? No it’s Brokerman! A Lancashire IFA has hired its very own Superman, Clark Kent, to rid the people of Preston of their financial worries. Morecambe-based Kent, 34, mustered all his super powers to land the job at Preston commercial insurance broker Taylor Patterson. Unfortunately when this Lancashire […]
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Electra Kingsway 3 VCT
Consumer Intelligence has investigated life insurance prices from advised and non-advised sales. Direct Life, Life Policies Direct, Lifesearch, Sainsbury’s, Standard Life and Tesco Personal Finance have been mystery-shopped.
Hamptons International Mortgages has finally signed on the dotted line with Towry Law, securing an exclusive two-year introducer agreement. Hamptons will be taking on the Towry Law mortgage services staff in mid-November. The deal is estimated to be worth around 200m a year in fresh loan volume. Towry Law currently has around 150 IFAs.Hamptons managing […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]