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Openwork to deliver advice in Dudley branches

Openwork to deliver advice in Dudley branches

Openwork advisers will be able to provide full financial planning to clients within branches of Dudley Building Society as a result of a new introducer agreement.

According to Mark Duckworth, chief executive officer for Openwork, the partnership will see the Society become an introducer to the business.

Mr Duckworth said: “We are extremely pleased to have secured this partnership with Dudley Building Society, which will allow the many customers of the Society access to a wider product range giving them more opportunity to meet their needs.”

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This is the first step in building a wider advice and distribution partnership that will also see the launch of Dudley Financial Solutions as an appointed representative of Openwork.

Dudley Building Society has six branches in total but as the partnership is something that will grow over time, Openwork will be starting with two Openwork advisers in two of Dudley’s branches.

It will also allow customers of Dudley Building Society to get full access to the products and services offered by the Openwork Group in addition to those already provided by the society.

“Importantly, having explored many options, Dudley is choosing to set up the new venture with Openwork, a move that clearly endorses our model and demonstrates our appeal to companies wishing to operate as efficiently – and safely – as possible in an increasingly demanding advice environment”, Mr Duckworth added.

Jeremy Wood, Chief Executive of DBS said: “As a business committed to delivering the best possible proposition to our customers we are thrilled to be enhancing our product offering through this exciting venture with Openwork.

“By launching our partnership with Openwork, we can be sure that not only will our customers enjoy more choice, but that all business written will be safe and compliant – a key driver behind our decision to structure the partnership in this way.”

Dudley Building Society previously introduced customers to Legal and General.