TEn Launches findbroker.insure

TEn Insurance Services, the network for independent insurance brokers, is pleased to announce that it has launched a new website www.findbroker.insure.

The website is designed for every day clients to find an insurance broker in their local area.

It is also enables prospective clients to find a specialist insurance broker, who specialises in that area of insurance.

Comments TEn Marketing Manager Megan Blackham, “TEn is the first of its kind, as a network to produce an online tool, to help prospective clients find a local trusted insurance broker.”

The site shows all of its members throughout the country, in an easy to use interactive map, which will help to send a number of prospective clients to its member’s websites and or contact them to help with their insurance needs.

SIP extends EO

TEn Insurance Services is happy to announce that it has taken a further step down the path toward wider equity participation with the introduction of a Shareholder Incentive Plan (SIP), as a vehicle for its employees individually to purchase shares in the company.

This initiative follows on from the transfer of almost 70% of the firm’s shares during November 2014 in favour of an Employee Ownership Trust (EOT). An EOT is a form of collective ownership whereby shares are held in trust for the benefit of all staff, very like the John Lewis Partnership

A SIP enables staff to make a voluntary investment from a salary of up to £1,800 per year, before deductions for Income Tax and National Insurance. The share value is recalculated every year and, after a period of at least three years, those shares bought through the SIP can be sold back to the Trust without Capital Gains Tax.

Comments TEn Marketing Manager Megan Blackham; “In 2014 TEn’s moved toward staff ownership up to nearly 70% of all shares, guaranteed - once and for all - that TEn was really serious about the concept of succession and that we were in the business of being a network for independent insurance brokers for the long term.

We have already seen a significant increase in staff engagement with all facets of the business since then and the opportunity to hold a personal – as well as a collective – stake in future of TEn can only benefit the company, its broker members and our own people.”