Bristol & West's advance into specialist finance continues with the news that it has entered into a ...
Bristol & West's advance into specialist finance continues with the news that it has entered into a tied agreement with Zurich Financial Services.
The partnership - which commences at the end of the year - will give customers access to a broader range of products than its existing Eagle Star agreement, to include ISAs and Threadneedle-backed OEICS as well as Allied Dunbar pensions.
Managing director of B&W's consumer business, Craig Knight, says the arrangement will substantially increase the bank's range of products for customers.
"The new tie gives us the best of all possible worlds by continuing to work with people that we've worked with successfully for more than a decade and now we can benefit from Zurich's major investment."
Discussing the new tie Zurich chief executive Ray Greenshields says he is delighted B & W has decided to ally itself with Zurich.
"Our tied relationship with Bristol & West sits well alongside Zurich's multi-distribution strategy through Allied Dunbar and Threadneedle products."
Earlier this month, B& W announced the acquisition - funded by its parent group the Bank of Ireland - of IFA network Willis National. Bristol & West says it hopes to merge the IFA national with MoneyeXtra, also purchased by B&W last year.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client