Monday, 29 October 2012 09:51
Zurich unveils post-RDR proposition for advisers
Zurich has unveiled its RDR proposition for advisers and their clients in it new guide 'Supporting your business into the future'.
In the guide, the insurer, a sponsor of the Institute of Financial Planning, sets out details of its post-RDR offering, including its on and off platform proposition.
Zurich's Intermediary Platform will facilitate adviser charging across the products available through its platform including;
• Cash ISA
• Stocks and Shares ISA
• Investment Account for unwrapped assets
• Retirement Account providing wider SIPP assets and drawdown capabilities
At the same time, Zurich is also launching a new off platform RDR-compliant Sterling Investment Bond which will be available from 1 January 2013.
The guide also outlines Zurich's approach to requests received from existing customers that want to top up their existing policies with an additional contribution. For these customers, Zurich will be able to facilitate the request on a non-advised basis, subject to the terms and conditions of the individual policy.
Adrian Nash, Zurich's head of wealth proposition, said: "We fully support the aims of the RDR and believe increased levels of professionalism and transparency around charging will bring real benefits, not just for customers, but also for advisers and the industry as a whole.
"At the same time, we recognise that as an industry, we are facing a period of unprecedented change. With this in mind, we've developed our intermediary platform to enable advisers to continue to meet evolving customer needs whilst helping advisers transition their business to a post-RDR world."
In the guide, the insurer, a sponsor of the Institute of Financial Planning, sets out details of its post-RDR offering, including its on and off platform proposition.
Zurich's Intermediary Platform will facilitate adviser charging across the products available through its platform including;
• Cash ISA
• Stocks and Shares ISA
• Investment Account for unwrapped assets
• Retirement Account providing wider SIPP assets and drawdown capabilities
At the same time, Zurich is also launching a new off platform RDR-compliant Sterling Investment Bond which will be available from 1 January 2013.
The guide also outlines Zurich's approach to requests received from existing customers that want to top up their existing policies with an additional contribution. For these customers, Zurich will be able to facilitate the request on a non-advised basis, subject to the terms and conditions of the individual policy.
Adrian Nash, Zurich's head of wealth proposition, said: "We fully support the aims of the RDR and believe increased levels of professionalism and transparency around charging will bring real benefits, not just for customers, but also for advisers and the industry as a whole.
"At the same time, we recognise that as an industry, we are facing a period of unprecedented change. With this in mind, we've developed our intermediary platform to enable advisers to continue to meet evolving customer needs whilst helping advisers transition their business to a post-RDR world."
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