Openwork is to extend its single-tie protection deal with Zurich – which has a small stake in the intermediary – to former MetLife advisers.
The deal will see the former MetLife advisers, who are new to the Openwork network, recommending products from Zurich’s mainstream protection range, including life cover and critical illness cover.
Zurich’s suite of mainstream products includes its decreasing mortgage cover plan and level protection plan, both of which are designed to provide a fixed term of life assurance, and can be combined with critical illness cover.
The enhanced agreement takes effect from 1 November, the target date for the completion of 930 advisers transferring to Openwork.
Earlier this year Openwork agreed to transfer up to 930 of MetLife’s self-employed advisers and implement a new distribution agreement in respect of MetLife’s Accident Protection product.
Adviser view
Philip Martin, proposition and marketing director at Openwork, said: “Our recent transaction to bring more than 900 advisers into Openwork reinforces our commitment to expanding protection provision.
“We are particularly pleased that these advisers will be able to access the Zurich suite of protection solutions and award-winning service.”
