We launched in 2005, but we’ve been present in the UK financial advice market for more than 45 years. You may remember us better as Hambro Life, Allied Dunbar and, more recently Zurich Advice Network.
When Allied Dunbar grew out of Hambro Life in the mid-1980s, its tied sales force expanded too. This culminated in the acquisition of Hill Samuel’s direct sales force in 1994, and then Abbey Life’s top 1,000 advisers in 2000.
In the same year Allied Dunbar’s parent company, British American Financial Services, was bought by Zurich who relaunched the newly-expanded sales force as The Franchise Network. In 2001 it changed its name to Zurich Advice Network (ZAN), before becoming Openwork four years later.
In 2008 Openwork launched its investment company, Omnis Investments Ltd, which is now responsible for more than £6bn of customer money.
On 10 April 2018, Zurich and the Openwork Partnership LLP completed the divestment of Zurich’s 25 per cent shareholding in Openwork, marking the successful culmination of the strategy set out by Zurich when it created Openwork in 2005.