Origen has done a deal with Resolution Life Group to provide its client base with financial advice and give Resolution a cut of the advice remuneration.
In a deal hailed by both sides as “groundbreaking”, Origen, which is Aegon’s IFA division, will provide independent financial advice to Phoenix Life’s policyholders - closed book of with profits business of Resolution Life - as part of the company’s treating customers fairly commitment. Although Aegon will not disclose exactly how much Resolution will take from the deal, a spokesman for Aegon says its three million customers will be given the option of paying for advice either through commission, if a new product purchase is made, or a fee – according to the rules of the depolarisation m...
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