Annuity Comparison Service
There may be instances where your client would benefit from a guaranteed income for life solution, provided by an annuity, but you may not be in a position to offer advice. This may be because it's not part of your core service, or the funds involved are below what would be cost-effective for you to deal with.
HUB Financial Solutions Limited's non-advised annuity service can help. It's easy for you to earn additional income by referring business to their non-advised online or telephone service.
How do clients benefit?
HUB Financial Solutions offers access to a choice of leading providers that could help your clients improve their retirement income by 'shopping around' both the standard and underwritten guaranteed income for life markets. It enables your clients to:
- Research their retirement options.
- Understand the range on offer.
- 'Shape' their options and understand the effect of them via the 'Online Annuity Planner'.
- Get real-time annuity quotations online.
- Apply for their preferred option from a panel of leading providers.
Remember that this service does not offer advice and is available solely as an 'execution only' service.
Benefits for you
This referral service allows you to refer (and be remunerated) for business that may otherwise be unprofitable to advise on.
- 1% commission earned for every completed case.
- No cross-selling as only annuities are offered.
- HUB Financial Solutions administers the application and completion of your client's annuity.
Five steps to getting started
To get referring, a few things are required from you first.
- Call customer support on 01737 233 413 or email firstname.lastname@example.org to register your interest in referring customers.
- You will be asked for details about yourself as a financial intermediary such as your company address, your FCA number and the expected number of referrals you will make per month.
- HUB Financial Solutions will then confirm whether they are able to accept referrals from you.
- If accepted, you will be sent an Introducer Agreement and Bank Details form to sign and return. The signed agreement is needed so that HUB Financial Solutions can ensure that your remuneration is paid when the business completes.
Please send your signed agreement back to:
HUB Financial Solutions – Annuity Service
- HUB Financial Solutions will contact you to get your customer's details, call them, get quotes and send application packs. Alternatively, you can use the online client referral form.
HUB Financial Solutions need to know the details of every client you refer to them, even if they use the HUB Financial Solutions Online Annuity Planner to generate quotes themselves, in order to pay your remuneration upon completion of their purchase.