Zurich reveals details of its new platform
The long-awaited Zurich platform will have a cash account and access to Isas, self-invested personal pensions and a drawdown facility at launch, the insurers’ distribution head has claimed.
Richard Howells said the platform, which was due to launch at the end of last year but will now be ready later this year, was more than two thirds complete.
Mr Howells, who has taken responsibility for the platform since the departure of platform head Jaki Platt in April, said: “It has taken longer than we anticipated to bring it to market.
“We have been making sure we get it right first time. It is a complex build, making sure you get the engine of the platform and the portal element, plus the products and tools.”
He said the platform, which will make a pledge to advisers not to contact their clients directly, would have wide fund universe and risk profiling and retirement planning tools, as well as research on exchange traded funds.
Mr Howells added: “We are more than two thirds of the way through. We can definitely see the launch in sight, but we need to manage this effectively so people don’t get disappointed.”