Cartel is a mortgage intermediary, and under the terms of the distribution agreement, Friends Provident will provide level and decreasing term assurance, and critical illness through Friends Provident’s award winning eSelect Protection proposition.
Under the Insurance Conduct of Business rules, Cartel is a directly authorised single provider regulated by the FSA for both mortgages and non-investment business. Established in 1997, the company is located in Manchester, with national coverage. Cartel has recently been included in The Sunday Times Fast Track 100, Britain’s fastest growing private companies.
Simon Clamp, Director of UK Distribution at Friends Provident said: “This is an important single-tie for Friends Provident, and we are delighted to announce this distribution agreement with Cartel.
“This announcement reinforces our distribution strategy, and again shows Friends Provident’s strength as a provider that offers the right product at the right price, backed by 5 star service standards through the effective use of e-commerce technology.”
Carl Wright, Managing Director of Cartel said: “We have spent over two years carefully considering the proposition put forward by the industry’s elite. After a long search, there was only ever going to be one winner in the race to partner Cartel, and that was Friends Provident. The professionalism, ethics and vision of the directors within Friends Provident have proven to be head and shoulders above their competitors.”
