19 February 2018
Visit www.avoka.com

UK energy utility plans online financial supermarket

15 November 2000  |  2542 views  |  0 UK energy utility plans online financial supermarket

Diversified energy utility Scottish and Southern Energy (SSE) is planning to create a virtual financial supermarket offering UK consumers a selection of insurance and investment products from multiple providers.

Operating under the Simple2 brand, the energy company has already signed up Scottish Amicable, which has been promoting life assurance products to SSE employees over the site during the past month. Scottish Equitable, Friends Provident, and Scottish Widows are also lined up.

The plans for a full-scale commercial roll out in 2001 were unveiled at the company's annual results presentation. SSE says it remains on target for phase two of the operation, with mortgages planned for early next year. Other financial products, including term assurance and Investment Savings Account, from a range of product providers, will follow during 2001.

SSE says Simple2 will be promoted actively to over one million business customers, 300,000 from its customer base, plus 750,000 through a link with national telecomms firm BT.

Earlier this month, SSE allied with BT retail Internet portal OpenWorld to sell energy services to UK consumers over the Web.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

IslamiQ opens funds supermarket for Muslim investors

IslamiQ opens funds supermarket for Muslim investors

27 October 2000  |  2004 views  |  0 comments
Competition tops security in bank Internet fears

Competition tops security in bank Internet fears

28 September 2000  |  2958 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.ebaday.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11286 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8845 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8738 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8712 views comments | 15 tweets | 43 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job