RCS - Fintel PLC - Expansion of strategic partnership with Schroders

FintelAnnouncement

13/10/2022 07:00

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RNS Number : 7182C  Fintel PLC  13 October 2022

13 October 2022

Fintel plc

("Fintel", the "Company", the "Group" or the "Business")

Fintel expands strategic partnership with Schroders

Fintel (AIM: FNTL), the leading provider of Fintech and support services to
the UK retail financial services sector, announces a key expansion to its
strategic distribution partnership with Schroders.

The expanded partnership will see Schroders join Fintel's Risk Controlled
investment solution, ensuring that its multi-asset funds, the Schroder Blended
Portfolios, become central to the investment range developed by Fintel for the
thousands of advisers who use its Fintech.

Delivered by SimplyBiz and Defaqto, Fintel's leading brands, the Risk
Controlled investment range is designed to improve both adviser efficiency and
consumer outcomes, enabling product manufacturers to cater to consumer
preferences and risk profiles by optimally aligning investment solutions to
the advice and research processes powered by Defaqto.

This streamlines the advice process whilst ensuring that advisers have a range
of funds to choose from that they know will continue to be managed in line
with the investment strategies they have designed for their clients.

The latest partnership builds on the Managed Distribution agreement that
Schroders already has in place with Fintel, and follows Fidelity and Aviva,
who have also further aligned their distribution strategies to partner with
Fintel.

Introduced in early 2021, Fintel's Managed Distribution Service (DaaS) is a
subscription-based service that includes research, data, product design and
distribution services that enable product providers to develop, iterate and
target tailored propositions.

Matt Timmins, Joint CEO of Fintel, commented:

"Schroders and Fintel have worked closely together for a number of years and I
am delighted that they have chosen to further strengthen this relationship by
joining our Risk Controlled range. Fintel exists to help the market operate
more effectively and with the continued success of the Managed Distribution
and Risk Controlled we continue to deliver the technology and insight led
solutions the industry needs to ensure better consumer outcomes. I look
forward to seeing the benefits for all involved as we continue to inspire
better outcomes in Retail Financial Services.''

 

ENDS

 

For further information, please contact:

Fintel plc
 
       via Instinctif Partners

Matt Timmins (Joint Chief Executive Officer)

Neil Stevens (Joint Chief Executive Officer)

David Thompson (Chief Financial Officer)

 

Instinctif Partners (Financial PR)
                                +44 (0) 20 7866 7887

Guy Scarborough
 
fintel@instinctif.com

Joe Quinlan

 

Notes to Editors

Fintel is the UK's leading fintech and support services business, combining
the largest provider of intermediary business support, SimplyBiz, and the
leading research, ratings, and Fintech business, Defaqto.

Fintel provides technology, compliance and regulatory support to thousands of
intermediary businesses, data and targeted distribution services to hundreds
of product providers and empowers millions of consumers to make better
informed financial decisions. We serve our customers through three core
divisions:

The Intermediary Services division provides technology, compliance, and
regulatory support to thousands of intermediary businesses through a
comprehensive membership model. Members include directly authorised IFAs,
Wealth Managers and Mortgage Brokers.

The Distribution Channels division delivers market Insight & analysis and
targeted distribution strategies to financial institutions and product
providers. Clients include major Life & Pension companies, Investment
Houses, Banks and Building Societies.

The Fintech and Research division (Defaqto) provides market leading software,
financial information and product research to product providers and
intermediaries. Defaqto also provides product ratings (Star Ratings) on
thousands of financial products. Financial products are expertly reviewed by
the Defaqto research team and are compared and rated based on their underlying
features & benefits. Defaqto ratings help consumers compare and buy
financial products with confidence.

For more information about Fintel, please visit the website:
www.wearefintel.com (http://www.wearefintel.com/)

 

 

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