Source - Alliance News

Fintel PLC - Huddersfield, England-based technology and support for retail financial services sector - Signs multi-year agreement with blue chip asset manager M&G PLC for its Managed Distribution Service, with the agreement covering M&G’s retail and savings business, primarily Pru UK and M&G Investments.

‘This latest partnership builds on the successful scaling of the offering during 2021 and will further increase the level of recurring revenues generated by the company,’ Fintel says.

Company’s Managed Distribution Service is a subscription-based service that combines data, product research and distribution services. It notes the service now has over 20 partners.

Joint Chief Executive Matt Timmins says: ‘Our Managed Distribution Service provides a valuable subscription offering for our customers - some of the largest names in the industry - and continues to enhance the quality of our earnings.

‘Fintel and M&G have enjoyed a strong partnership for the last 15 years and we both look forward to the positive impact we will continue to have in supporting advisers to deliver the best possible outcomes to consumers.’’

Current stock price: 208.48 pence, up 1.7% on Tuesday

12-month change: down 4.4%

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