View more on these topics

SimplyBiz offers referral service for unprofitable clients

Active vs PassiveSupport service provider SimplyBiz is offering advisers the chance to pass on clients that are no longer viable to service through a new referral deal.

Working with financial planning firm Onvestor, SimplyBiz says clients will continue to have an advised service when members choose to refer to them.

The service adds to SimplyBiz’s SimplyRefer offering, which has a range of services for advisers to refer business they do not want to or cannot conduct.

This includes six defined benefit transfer specialists alongside later life lending, estate planning and protection.

SimplyBiz marketing director Richard Ardron says: “The vast majority of firms to whom we have spoken do not necessarily want to turn clients away, but are keen to explore solutions that can help with efficiencies.

“The service from Onvestor enables advisers to pass on unprofitable clients safe in the knowledge that those clients will continue to receive appropriate advice and provides the referring adviser with an ongoing revenue stream.”

Recommended

1

Auto-enrolment arrives but is it a done deal for small firms?

When business secretary Vince Cable told the Liberal Democrat party conference he had defeated the Tory “headbangers” who “find sacking people an aphrodisiac”, there was little doubt who he was thinking of – Adrian Beecroft. The Beecroft report, which was commissioned by the Government and published in October last year, contains a series of radical […]

Robo-adviser tries to poach UBS clients with fee deal

A new robo-adviser is looking to win over customers of  former competitor UBS SmartWealth with a discounted fee deal. UBS announced last week that its SmartWealth digital investment service would close to new clients and the technology sold to US robo-advisor SigFig. Tiller, a fresh entrant to the UK robo-advice market, is now trying to […]

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg
101

How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com