Pivotal to offer outsourcing package for intermediaries

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Pivotal is creating a business service platform that offers intermediaries easier access to profess...

Pivotal is creating a business service platform that offers intermediaries easier access to professional indemnity (PI) insurance. The group is to launch a package of services to aid advisers in outsourcing parts of their business, such as portfolio construction, back office administration and even authorisation. By outsourcing the authorisation side, intermediaries would be licensed to conduct business by Pivotal, which would then be responsible for compliance and other such issues, similar to a network arrangement. The group is specifically targeting investment intermediaries with t...