Friday, 23 February 2018

Prudential secures advisory partnership with Cambridge Building Society

Prudential Financial Planning (PFP) has secured a new partnership with the Cambridge Building Society; the UK's 14th largest society, with approximately 130,000 members. The partnership covers mortgage-related protection covers and, upon request, financial advice for pensions, investment and retirement planning. This follows PFP's decision to expand its protection panel to include 8 other providers, following a partnership with SImplyBiz in December 2017.  

Cambridge Building Society previously partnered with Legal & General for protection products and continues to work with RSA for home insurance and with Travelex for its travel money service.

The society's website also highlights that its "will writing" partner, The Will Writing Company (part of The Estate Planning Group) ceased trading at the end of 2017 and is now in receivership. It is worth noting that The Will Writing Company has previously partnered with the Dudley, Hanley Economic, Leeds, Melton Mowbray, Newcastle and Nottingham building societies. 

Friday, 2 February 2018

Hood Group and Allianz launch travel partnership with P&O

Hood Group has announced a new travel insurance partnership with P&O Ferries. The initial announcement was made by Hood Group in September 2017, but the formal launch has only now taken place. Cigna had previously been the travel insurance partner of P&O Ferries. 

The cover is being underwritten by Allianz Worldwide Partners (AWP), with which Hood Group signed a long-term partnership deal in September 2017. 

Hood Group has been particularly active in developing affinity travel partnerships since entering this market in July 2014 and numbers More Th>n, Legal & General and RAC Group as its partners. The first two are also underwritten by AWP whereas at present, the RAC partnership is underwritten by AXA. 

P&O Cruises (an unrelated business) continues to partner with Holiday Extras for its travel insurance, although this too is underwritten by AWP.