Fintel PLC Fintel expands its Management Distribution Service
17 2월 2022 - 4:00PM
RNS Non-Regulatory
TIDMFNTL
Fintel PLC
17 February 2022
17 February 2022
Fintel plc
("Fintel", the "Company" or the "Business")
Invesco, Hawksmoor and Royal London amongst latest partners to
join Fintel's Managed Distribution Service as group expands its
offering
Fintel (AIM: FNTL), the UK's leading fintech and support
services business, has announced that Invesco, Hawksmoor and Royal
London are amongst further partners to commit to multi-year
agreements for its Managed Distribution Service.
20 partners have now converted to the Managed Distribution
Service, including leading brands such as Fidelity, Aviva, Just,
Guardian, Schroders, BMO, Premier Miton, Carmignac and Tatton.
In 2021, a first-of-its-kind partnership with Aviva and Aviva
Investors was announced with Aviva Investors developing a new
sustainable retirement solution in partnership with Fintel,
optimally aligning product design to Defaqto's income drawdown tool
and ESG specifications.
This expansion of the offering has continued in 2022 with Royal
London, a Simply Protect partner, also converting to a subscription
based managed distribution agreement.
Introduced in early 2021, Fintel's Managed Distribution Service
is a subscription-based service that includes research, data,
product design and distribution services. Using segmental and
behavioural insights combined with access to strategic consultancy
and regulatory expertise, product providers are able to develop
tailored propositions and iterate existing ones, distributing them
via financial intermediaries.
Delivered by SimplyBiz and Defaqto, businesses that sit within
Fintel, the solution is also designed to enhance the services
provided to intermediary member firms. The multi-year partnerships
help product providers to focus their outreach to intermediaries
through the most effective channels whilst ensuring consumers
receive products better aligned to their needs.
Matt Timmins, Joint CEO of Fintel, commented:
"Fintel exists to help the market operate more effectively. As
an industry connector we improve and simplify this complex market,
ultimately achieving better outcomes for all.
"I am delighted with the success of the Managed Distribution
Service to date. The progress made in its roll-out evidences our
focus on combining expertise with data driven services - as well as
our successful response to rapidly changing client requirements,
which continue to enhance the quality of our earnings.
"To have more renowned and respected brands further
strengthening our relationship and choosing to work with us in this
way is a fantastic start to 2022."
-ENDS-
For further information please contact:
Fintel plc via Instinctif Partners
Matt Timmins (Joint Chief Executive Officer)
Neil Stevens (Joint Chief Executive Officer)
Instinctif Partners (Financial PR) +44 (0) 20 7457 2020
Mark Walter
fintel@instinctif.com
Joe Quinlan
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