Fintel has announced a distribution partnership spanning Aviva and Aviva Investors in a multi-year agreement for its new distribution as a service (Daas) solution.
The subscription-based service launched earlier in the year includes research, data, product design and targeted distribution.
It enables product providers to develop and distribute highly targeted propositions, while also increasing the effectiveness of their distribution.
As part of the collaboration, Aviva Investors will launch a new sustainable retirement solution to meet the regulatory call for downside protection in retirement.
The solution has been developed in partnership with Fintel and to align product design to Defaqto’s income drawdown tool.
Fintel’s SimplyBiz members firms will also benefit from the multi-year partnership with enhanced product inventory and access to information from both Aviva and Aviva Investors.
Aviva Investors has also licensed Fintel’s strategic asset allocation model for both the new retirement fund and existing model portfolio solutions.
Fintel joint chief executive Matt Timmins said: “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.”
Aviva director of distribution Brian Gabriel 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.”
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