Another announcement (with more expected to follow) aimed at direct-to-consumer RDR propositions.
“Adviser firm HHPG Wealth Management is launching a direct-to-consumer proposition next month aimed at clients who cannot afford advice after the RDR. The Cardiff-based firm is looking to offer execution-only functionality across pension, investment, protection and Isa products, as well as a general insurance offering.
The firm has so far set up agreements with Partnership to deliver its direct annuity offering and Legal & General, Bright Grey and Friends Life to supply protection products.
The annuity service will cost £250 per transaction, the investment service will cost between 0.15 and 0.2 per cent of assets invested and the protection service will cost £15 per transaction.
HHPG is in talks with Cofunds and Axa over who will provide the white-label technology on the project”.
Source MoneyMarketing. Read full article here