Zurich exploring sale of adviser platform in £50m deal - reports

Wants to 'offload' site

Sophie King
clock • 1 min read

Insurance giant Zurich is seeking a buyer for the sale of its adviser platform, Zurich Intermediary, for a price in excess of £50m.

Zurich is working with HSBC to sell the adviser platform, the Sunday Times reported this weekend.  A spokesperson from Zurich told the paper: "We regularly work with third parties to review the make-up of our business to ensure it fits with our strategy, and that individual parts are best structured to serve their respective customers and our distribution partners. "We do not comment on the specifics of these reviews or speculation around them." Zurich said it remained "fully committed" to supporting financial advisers and their clients. Elsewhere, sources named Aegon, which bought...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

AJ Bell cuts platform fees in bid to enhance competitiveness

AJ Bell cuts platform fees in bid to enhance competitiveness

Includes changes to the platform's annual custody charges

Isabel Baxter
clock 05 April 2024 • 2 min read
Schroders UK Platform Awards 2024: Entries are now open!

Schroders UK Platform Awards 2024: Entries are now open!

This year's awards will have an increased focus on adviser tech stacks

Professional Adviser
clock 03 April 2024 • 1 min read
Advised platform assets grow but net sales slump to £1.17bn

Advised platform assets grow but net sales slump to £1.17bn

Quilter tops gross sales and True Potential tops net sales

Isabel Baxter
clock 21 March 2024 • 2 min read