1 December 2021
01 December 2021 – Fintel (AIM: FNTL), the UK’s leading fintech and support services business, today announces a major distribution partnership spanning Aviva and Aviva Investors in a multi-year agreement for its new Distribution as a service (Daas) solution.
The solution, launched earlier this year, is a subscription-based service that includes research, data, product design and targeted distribution, enabling product providers to develop and distribute highly targeted propositions, whilst also increasing the effectiveness of their distribution through targeted data sets.
As part of the collaboration, Aviva will launch a new sustainable retirement solution, answering the regulatory call for downside protection in retirement. The solution has been developed in partnership with Fintel, optimally aligning product design to Defaqto’s income drawdown tool and ESG specifications.
Fintel’s SimplyBiz member firms will also benefit from the multi-year partnership with enhanced product inventory and streamlined access to information and resources from across Aviva and Aviva Investors, whilst consumers will receive better targeted products that meet their evolving needs.
Aviva has also licensed Fintel’s strategic asset allocation model for both the new retirement fund and existing model portfolio solutions, further aligning the long-term revenue and growth of the businesses.
Matt Timmins, Joint CEO of Fintel, commented
“I’m delighted that Aviva has chosen to strengthen our relationship by joining our Distribution solution. As a market connector, Fintel brings together product providers, intermediaries and consumers to inspire better outcomes for all, and this partnership is testament to what can be achieved through industry collaboration. I look forward to seeing the immense benefits this presents to all involved.’’
Brian Gabriel, Director of Distribution at Aviva, added:
“Aviva is hugely committed to supporting the UK’s intermediary market and we’re delighted to partner with Fintel. Our relationship with the Group is valued and long-standing. This agreement allows us to build, support and deliver our savings and retirement ambitions in conjunction with Fintel, its member firms and their customers.”
Apiramy Jeyaraja, Head of UK Wholesale at Aviva Investors, commented:
“We are delighted to partner with Fintel through a new managed distribution agreement, announced today. This agreement represents a partnership based on deep understanding of the SimplyBiz membership and their clients’ needs, based on Fintel’s insightful data and leading technology-based approach. For Aviva Investors , this agreement will bring our Multi Asset and ESG capability to an even wider audience.”
Andy Lane or George Peele
020 7457 2020
Fintel is the UK’s leading fintech and support services business, combining the largest provider of intermediary business support, SimplyBiz, and the leading research, ratings and fintech business, Defaqto.
Fintel is the leading provider of digital, data led and expert services to product providers, intermediaries and consumers to help them navigate the increasingly complex world of retail financial services.
Fintel provides technology, compliance and regulatory support to thousands of intermediary businesses, data and targeted distribution services to hundreds of product providers and empowers millions of consumers to make better informed financial decisions.
For more information about Fintel, please visit the website: www.wearefintel.com.