17 February 2022

Invesco, Hawksmoor and Royal London amongst latest partners to join Fintel's Managed Distribution Service as group expands its offering

In 2021, a first-of-its-kind partnership with Aviva and Aviva Investors was announced with Aviva Investors developing a new sustainable retirement solution in partnership with Fintel, optimally aligning product design to Defaqto's income drawdown tool and ESG specifications.

This expansion of the offering has continued in 2022 with Royal London, a Simply Protect partner, also converting to a subscription based managed distribution agreement.

Introduced in early 2021, Fintel's Managed Distribution Service is a subscription-based service that includes research, data, product design and distribution services. Using segmental and behavioural insights combined with access to strategic consultancy and regulatory expertise, product providers are able to develop tailored propositions and iterate existing ones, distributing them via financial intermediaries.

Delivered by SimplyBiz and Defaqto, businesses that sit within Fintel, the solution is also designed to enhance the services provided to intermediary member firms. The multi-year partnerships help product providers to focus their outreach to intermediaries through the most effective channels whilst ensuring consumers receive products better aligned to their needs.

 

Matt Timmins, Joint CEO of Fintel, commented:

"Fintel exists to help the market operate more effectively. As an industry connector we improve and simplify this complex market, ultimately achieving better outcomes for all.

"I am delighted with the success of the Managed Distribution Service to date. The progress made in its roll-out evidences our focus on combining expertise with data driven services - as well as our successful response to rapidly changing client requirements, which continue to enhance the quality of our earnings.

"To have more renowned and respected brands further strengthening our relationship and choosing to work with us in this way is a fantastic start to 2022."

 

 

-ENDS-

 

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Fintel (AIM: FNTL), the leading provider of Fintech and support services to the UK retail financial services sector, is pleased to announce the appointment of Phil Smith as Independent Non-Executive Director with immediate effect.

''We have delivered strong results during a year of significant strategic progress and continued robust financial performance. Revenues, EBITDA and recurring income have all increased in line with expectations driven by organic growth, strategic enterprise partnerships and the expansion of our proprietary advice technology. We are well positioned for further growth.''

Matt Timmins Joint CEO

Robust financial performance. Significant strategic progress. Positioned for strong and sustainable growth.