Fee-based adviser support service Threesixty has completed a deal with The Insurance Surgery to offer its clients support focusing on special risk assurance.
Launched in 1999, the Insurance Surgery has sourced life insurance and other financial products for clients in special risk areas, such as pre-existing medical conditions and dangerous pastimes.
The agreement will offer Threesixty clients two service options - a straightforward consultancy on a flat-fee basis or an outsourced option whereby The Insurance Surgery will choose a provider and deal with the administration on a commission-split basis.
"We expect many advisers to try out the consultancy relationship with clients as they dip their feet in the water," said Phil Young, a partner at Threesixty. "But, as time goes on, more will use the outsourced option and work from that commission-split basis."
Threesixty has also launched a software tool to assist IFAs in assessing and demonstrating compliance with the FSA's Treating Customers Fairly Initiative. The 'TCF Monitor' enables IFAs to record objective statistics such as persistency rates and numbers of complaints.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created