Portal wars: Zoopla reports 2% more agents and highlights Rightmove losses

first_imgZoopla has increased its customer base during Covid by 2% in marked contrast to Rightmove, which recently revealed it had lost hundreds of branches during the pandemic following its fees policy U-turn debacle.But agents hoping that Zoopla’s latest figures are proof that Rightmove’s dominance of the portal market is finally weakening should be careful – all the portals are wary not to compete directly on like-for-like metrics.For example, Zoopla only publishes its total agent and new home sites combined, which has risen to 16,545, while Rightmove breaks its totals down to agents (15,767) and new homes sites (3,391) or a total of 19,158.The Negotiator has asked Zoopla for a breakdown of its figures but the portal declined to do so.Free usageNevertheless, Zoopla claims that its free portal usage offers launched during Covid, which were available on condition agents promise to use it as their primary portal, have been instrumental in growing its customer numbers, even though it cost the portal £30 million. It has also a huge number to convert to longer-term deals; 84% of agents now in long term contracts compared to 23% at the start of the year.The deals offer free usage of the portal for between five and nine months, depending on the agreement entered into, if agents commit to a 12-month contract, with a cut off of January next year.“Our growth in customer numbers is outperforming the broader market considerably, despite the 50 day market closure, and we hope this is testament to us doing the right thing by our customers,” says Andy Marshall, Chief Commercial Officer at Zoopla (left).“Now that the market is rebounding with a genuine underlying strength, free portal usage has helped agents to rebuild their business pipelines, without any costs payable to us.“We are still welcoming new customers on board and are able to extend free use of Zoopla until January to existing customers.”Andy Marshall Rightmove Zoopla September 2, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » Portal wars: Zoopla reports 2% more agents and highlights Rightmove losses previous nextMarketingPortal wars: Zoopla reports 2% more agents and highlights Rightmove lossesPortal says it has also increased the proportion of agents on longer-term contracts from 23% to 84% during the pandemic.Nigel Lewis2nd September 20200541 Viewslast_img read more

DB supervision squeezed as UK regulator budgets to manage auto-enrolment

first_imgThe regulator’s budget for DB regulation has been squeezed, falling by 10% to £20.9m, and seeing its share of TPR’s budget fall from 41% to 27%.Its budget for DC rose by a third to £16.5m, but it’s share or total budget remains similar as the body secured extra funding from government.Auto-enrolment compliance is funded directly by the tax payer, while DB and DC regulation by a levy on pension schemes or their sponsors.Despite this, the squeeze on DB comes as the regulator finalises its new Code of Practice, to be published in June, which includes how it will incorporate a new objective laid down by the government.TPR’s current objectives include protecting member benefits in occupational pension schemes, reducing the risk to the Pension Protection Fund (PPF), and now to minimise any adverse impact on the sustainable growth of an employer.It will also be monitoring the industry and working with DB schemes as the April 2016 deadline for the end of contracting out approaches, which is likely to lead to more scheme closures.In 2014-15, the regulator also plans to process casework for 1,800 DB recovery plans, a slight increase from the year before, 62,000 scheme returns and 71,740 levy collections.However, it is auto-enrolment that will see the regulator’s main increase in workload, and an extra boost of 47 full-time equivalent roles.Casework for auto-enrolment staging and contacting employers will increase substantially, with total number of cases for education, enablement and enforcement rising to over one million from 200,000.The regulator said its focus remains on being ‘risk-based’ and not addressing every issue, but to select cases and mitigate risks.It also set out its corporate plan for the next three years, including emphasis on how it will enact its objectives.However, speaking to IPE about how the regulator would manage the end of contracting out and its new objective, interim chief executive Stephen Soper said while its corporate plan was detailed, it would fall short in some areas.“Some of the things just don’t square up,” he said.He said the regulator was trying to be more proactive than reactive to the market, and if it simply focused on changes to regulation, it would not manage to fulfil all of its objectives.In a separate statement, he added: “To help us achieve our aims, we will be focusing on overarching corporate priorities, rather than rigidly adhering to a silo-based approach with our individual lines of business.“It is crucial that we approach challenges with organisational flexibility if we are to regulate effectively in today’s ever-evolving pensions landscape.” The continued roll out of auto-enrolment is to dominate The Pensions Regulator’s (TPR) actions next year, with a heavy focus on ensuring employer compliance, and legal action.Publishing an annual update of its business plan, the UK regulator, which is part tax-payer funded, said auto-enrolment would shift to account for majority of budget.The body spent £56.8m (€70m) on regulating defined benefit (DB), defined contribution (DC) and auto-enrolment in 2013-14, with the latter accounting for 37%.In its forecast for the current financial year, which began in April, it said auto-enrolment compliance expenditure would increase by 90% to £40.4m, accounting for 52% of the total budget.last_img read more

Nigerian Oil Major, Aiteo Group, is New Title Sponsor of CAF…

first_imgThis partnership further deepens the participation of Aiteo in football. Already, the company is the Official Optimum Partner of the Nigerian Football Federation, and the sponsor of the country’s Federation Cup, which has now been renamed, “The Aiteo Cup.”Speaking on the commitment of Aiteo to the advancement of football in Africa, its Executive Vice President, Mr. Benedict Peters said: “This sponsorship shows that there is a clear momentum behind Aiteo’s involvement in the game. Buoyed by the success of our corporate social commitment in Nigeria that has resulted in our emergence as the first African nation to qualify for the World Cup, we are encouraged to advance our investment in the game to a continental level.“Our aim is to bolster the profile of African players globally, and encourage budding talents to put in their best.”“CAF Awards shares our values in relation to creating opportunities, healthy competition and recognition for hard work. We plan on using this partnership to truly enrich the fan experience for millions of Africans.” Benedict Peters added.Reacting to the development, CAF President Ahmad, said: “We are very glad to welcome Aiteo on board this partnership. Aiteo is distinguished for its commitment to excellence and this sponsorship is a demonstration of its confidence in CAF’s renowned value proposition as a veritable platform for brand extension across Africa. We look forward to a long and fruitful partnership.”The sponsorship agreement between the Aiteo Group and CAF was signed in Lagos on 15, October 2017 at the corporate head office of Aiteo.Apart from the CAF President, CAF Vice Presidents, Kwesi Nyantakyi and Omari Selemani; CAF Emergency Committee members Amaju Pinnick and Souleman Waberi were present at the signing ceremony.Aiteo was represented by the Group Executive Director Legal, Andrew Onyearu; and the Snr. Vice President Commercial & Gas, Victor Okoronkwo.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Nigeria’s foremost energy solutions company, Aiteo Group, has signed a partnership agreement with the Confederation of African Football (CAF) on the sponsorship of its annual award event, the CAF Awards.Dating back to the 1970s, the yearly awards event is organised to honour footballers and individuals who have excelled in various departments of the game. It brings together those who have made meaningful contribution to the development of football on the African continent.last_img read more