openwork

Openwork and Zurich have signed an agreement that will see the insurer divest its 25% shareholding in the network within the next four years.

Openwork has more tripled its operating profits to £5.5m in 2014, up from £1.7m in 2013.

Network Openwork is to divide its distribution business into three specialist distribution units for wealth, mortgages and protection.

Network Openwork has teamed up with CIExpert to promote the use of its knowledgebase to help members boost their protection business.

The proportion of complaints against advisory groups found in favour of the consumer is significantly below the average for the sector, the Financial Ombudsman Service's (FOS's) latest data shows.

Protection and life cover software firm Ipipeline has teamed up with Openwork to offer advisers a way of producing multiple quotes for protection products which it claims will help them boost their protection sales.

Network Openwork is seeking to attract and develop the next generation of financial advisers through the launch of a training academy.

Openwork has chosen iPipeline's indicative underwriting tool XRAE to ‘improve and accelerate' its advice model.

MetLife and Openwork have agreed to the transfer of up to 930 of MetLife's self-employed advisers and a new agreement enabling the network to distribute its protection proposition more widely.

PruProtect has joined Openwork's protection panel, Openwork Select, following a tender process involving eight major providers.