Prudential has been appointed as Thinc Destini's single-tie annuity provider and has also secured a place on its regulated multi-tie panel, the company said on Wednesday.
This announcement, the third regulated multi-tie panel appointment for Prudential, positions the insurance company as one of the strongest providers in the multi-tie marketplace.
In addition to Prudential, the Thinc Destini regulated panels will initially consist of three other providers.
Andy Briggs, Prudential UK’s distribution director, said: Thinc Destini is a powerful new force in the Intermediary marketplace. We believe that it will be a clear beneficiary of depolarization and we look forward to working with the management team.
Simon Chamberlain, COO for Thinc, said: Prudential’s track record in the annuity market is well documented and its expertise sets it apart. It has also demonstrated that it has market-leading knowledge in the design and implementation of multi-ties. By partnering with Prudential, we can harness the strengths of both organizations in the design of a compelling and clearly differentiated multi-tie for our members.