Signal · Strategic Intelligence
For MorbyMorby
01 · Executive summary

Morby vs. the rest.

Thesis

The UK wills, probate and trusts market is set to reach £3bn in 2025, up 7.2% year on year, yet 56% of UK adults still have no will in place. The category leader, Farewill, was absorbed by Dignity plc for £12.9m in October 2024 and is now in integration mode. Octopus Legacy has quietly claimed the employer-benefits lane with 50+ corporate partners and 150+ charity tie-ups tied to seasonal 'Free Wills Month' windows. That leaves a narrow, decisive opening for a year-round, benefits-native product aimed at the under-40 workforce.

Headline metrics
TAM · UK wills, probate & trusts
£3.0bn
+7.2% YoY (2024→25)
Forecast value 2028
£3.6bn
~6% CAGR to 2028
UK adults without a will
56%
~22m people · Will Aid 2024
Cost of dying intestate
£5–15k+
vs £3–7k with a valid will
Live signals Re-fetched on load

Last 30 days, right now.

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02 · Market & geographic priority

Where to attack first.

P1

London & South East

Densest concentration of 500–5,000 HC HQs, financial services, Big-4 consultancies and scale-up talent. Most active flex-benefits buyers in the UK.

~870k active businesses · 25%+ of UK enterprises
P2

North West (Manchester · Liverpool)

UK's second business hub and largest scale-up cluster outside London. Strong professional-services and tech-services base, home to Howden's benefits practice.

~325k active businesses · ~11% of UK workforce
P3

West Midlands (Birmingham · Coventry)

Advanced manufacturing, logistics and financial-services HQs with established pension and group-risk spend. High demand for retention-grade benefits.

~240k active businesses · ~9% of UK business base

Yorkshire, North East & Scotland

Emerging insurtech, higher-ed and professional-services employers. Scotland requires a jurisdictional product variant (Confirmation vs Probate) — park for Phase 03.

~430k active businesses · bundle for Phase 03
03 · Targeted buying signals

Triggers that mean "call them today."

Signal 01
Octopus Legacy locking up employer shelf space

50+ employer partners and 150+ charities go live this season

Octopus Legacy's free-wills campaign runs until 31 March 2026 with 150+ charity partners and 50+ employers (incl. Experian, John Lewis & Partners, Lottie, Transparity) offering free wills as a benefit. Morby must sign anchor partners before the category calcifies around Octopus.

Sources
LinkedIn (Octopus Legacy) · Today's Wills & Probate · octopuslegacy.com
Signal 02
IHT reforms creating planning demand

April 2025 non-dom reform + April 2026 farms/business IHT trigger

Wealth managers, accountants and group-risk advisers are actively re-engaging clients on estate planning — a warm wedge for Morby to co-sell with advisers and pension platforms.

Sources
GOV.UK (HMT) · Alvarez & Marsal · The Level Group
Signal 03
Farewill integration window

Dignity plc acquired Farewill for £12.9m — product velocity on pause

Integration with a funeral-plan and stonemason business typically absorbs 12–18 months of roadmap attention. Expect limited employer-benefit product releases from Farewill through mid-2026 — the classic flank-attack window.

Sources
TechCrunch · Funeral Service Times · Oaklins Cavendish
Signal 04
SME benefits upgrade wave

77% of UK SMEs planning benefits upgrades in 2025

Pluxee/YouGov: 77% of UK SMEs plan to upgrade benefits packages; 36% adding critical-illness, 38% lifestyle benefits. CIPD flags sick absence at 9.4 days/employee — pressure on Heads of Reward to add new categories.

Sources
Pluxee UK · CIPD Health & Wellbeing 2025 · SMEToday
Signal 05
CMA pressure on unregulated will writers

CMA guidance for unregulated will-writing providers updated Jan 2026

HR and procurement teams will increasingly demand CMA-aligned due diligence from any will platform they bundle. Morby should ship a compliance one-pager and lead with it in RFPs.

Sources
GOV.UK (CMA) · STEP · Today's Wills & Probate
Signal 06
Hiring surge in Reward & People Ops

Active hiring for Head of Reward, Benefits Manager, People Ops Lead

Newly-appointed Reward leaders (0–6 months in post) are the highest-converting first-meeting cohort for new benefits categories.

Sources
Reed · Indeed UK · Taylor Root · LinkedIn Sales Nav
04 · Ideal customer profiles

Personas, pitches, one platform.

ICP 01 · Mid-Market & Enterprise Employers (500–5,000 HC)

Heads of Reward, C&B, People or Total Rewards at UK corporates running formal flex-benefits platforms (Benifex, Reward Gateway, Zest, Darwin).

Pain → KPI

Group-life, income protection and PMI have become commoditised. Asked each year to add a differentiated retention-driving benefit — with no obvious white space left.

The hook

Estate planning is the last genuinely new 'protect your people' benefit, and it's the one 56% of your workforce actually needs.

Solution wedge

Morby as a white-labelled, always-on will + estate module that plugs into the existing flex platform via SSO and eligibility feed, priced per head.

ICP 02 · High-Growth UK Scale-ups & SMEs (50–500 HC)

Founders, COOs and Heads of People at Series A–C tech, fintech, agency and professional-services firms growing 30%+ YoY in London, Manchester, Bristol.

Pain → KPI

Generic perks no longer move the needle for under-40 talent. Life-stage benefits are winning, but most options are expensive to launch and slow to roll out.

The hook

Every name on your last cap-table raise has an iPad, a rabbit and zero estate plan. You can fix that for less than a Headspace seat.

Solution wedge

Morby launches company-wide in 48 hours with per-head pricing, zero integration lift and a millennial-native UX.

ICP 03 · Benefits Brokers, Platforms & EAPs (B2B2B Channel)

Partnership, commercial and product leads at Howden, Benifex, Reward Gateway, Perkbox, Zest, Edenred, Thanks Ben, Drewberry, Aon, Mercer, WTW, group-risk insurers.

Pain → KPI

Flex catalogues are crowded with overlapping wellbeing apps. Few partners can supply a modern, UK-first wills product without steering users to a competitor brand.

The hook

Octopus Legacy is actively claiming shelf space in your target HR buyers. A UK-first, under-40-voiced wills product is the 'why we're different' slot you're missing.

Solution wedge

Morby offers revenue-share or wholesale pricing, SSO/eligibility APIs, co-branded microsites and quarterly co-marketing.

05 · Competitive landscape

Where every competitor fails.

Farewill

DTC incumbent · now at Dignity plc

UK's largest online will-writer with 20,000+ five-star Trustpilot reviews. Acquired by Dignity plc for £12.9m in October 2024. Strengths: brand, charity legacy funnel. Weaknesses: no employer-benefit SKU, integration drag, DTC-first funnel.

Octopus Legacy

Employer-benefit challenger · Octopus Group-backed

Formerly Guardian Angel. 700,000+ people supported. Running free-will campaigns with 50+ employer partners and 150+ charities. The most direct B2B2C threat to Morby's wedge.

Co-op Legal Services

Legacy trust brand · high-street

Subsidiary of The Co-operative Group. Fixed-fee wills, probate and family law. Trusted over-50s brand. Weaknesses: telephone- and solicitor-led delivery, no API, no employer-native deployment.

DIY templates & traditional solicitors

Price floor and ceiling

Bottom: Lawpack (£25), Legalwills.co.uk (£49.95) — no liability, no review. Top: high-street solicitors at £300–£1,000+. Neither scales as an employer benefit.

06 · Takedown playbook

How to win the deal, rival by rival.

vs. Farewill

DTC incumbent

Weak spot

Acquired by Dignity plc for £12.9m in Oct 2024 — the next 12–18 months are an integration with a funeral-plan and stonemason business, not a B2B product sprint.

Our advantage

Morby is a pure-play digital subscription with a millennial brand voice, unlimited updates and an explicit 'estate as a workplace benefit' pitch — built for the HR stack rather than the cremation cross-sell.

Attack line

When a prospect mentions Farewill, ask which flex platform they're live on. Follow with: 'Farewill doesn't have a plug-in for Benifex or Reward Gateway — Morby does, and it's included at the same unit economics.'

vs. Octopus Legacy

Employer-benefit challenger

Weak spot

Employer motion is anchored to two seasonal 'Free Wills Month' windows. Core user base skews 55+ via the charity funnel. Free wills come with gift-in-will conditions not every corporate buyer is comfortable underwriting.

Our advantage

Morby is a year-round SaaS subscription, not a twice-a-year campaign. No charity-gift strings. Built for under-40 cap-table talent.

Attack line

Ask the HR buyer: 'What does Octopus cover you for April to August?' Position Morby as always-on estate coverage with unlimited updates.

vs. Co-op Legal Services

Legacy trust brand

Weak spot

Solicitor-gated, phone-led, fixed-fee model. No API, no self-serve UX. Essentially invisible to under-40 workforces.

Our advantage

Self-service with specialist review, delivered on mobile in under 30 minutes. Per-head benefit pricing rather than per-matter legal fee.

Attack line

Lead with: 'Morby is the Co-op experience your under-35s will actually use.' Back it with Trustpilot velocity and average time-to-completion (sub-30 minutes).

vs. DIY templates & solicitors

Price floor and ceiling

Weak spot

DIY carries no liability and no review — amplified by the CMA's January 2026 updated guidance. Solicitors charge £300–£1,000+ per will.

Our advantage

Morby sits in the defensible middle: reviewed by specialists, priced at a fraction of solicitor rates, and employer-subsidised so the end user often pays nothing.

Attack line

Lead with CMA compliance in procurement. Frame DIY as regulatory risk and solicitor-led as budget risk — Morby is the only option that is neither.
07 · The thesis

Morby wins the UK by being the first wills platform built for the benefits stack, not the solicitor's office — and by moving before Farewill finishes integrating and Octopus finishes productising.

08 · Execution roadmap

From research to revenue.

1
Phase 01 · Month 1

Enterprise-ready foundation

  • Finalise B2B2B product packaging: SSO, eligibility feed, per-head pricing tiers, self-serve admin console
  • Ship a CMA-aligned compliance one-pager for HR and procurement due diligence
  • Run a Trustpilot review-velocity programme targeting 100+ verified reviews in 90 days
  • Publish two anchor case studies — one SME scale-up, one mid-market employer
  • Hire or contract a Partnerships Lead with a Benifex / Perkbox / Reward Gateway background
  • Brief three broker partners (Howden, Drewberry, one benefits platform) on wholesale terms
2
Phase 02 · Month 2–3

Channel ignition & 20 anchor customers

  • Sign two benefits platforms as launch partners on wholesale / revenue-share terms
  • Run founder-led outbound to 500 Heads of Reward / C&B at UK 500–5,000 HC employers
  • Launch an 'April 2026 IHT reform' campaign co-signed with wealth-manager and adviser partners
  • Exhibit and demo at REBA, Employee Benefits Live and HR Technologies UK
  • Close 20 SME anchor customers via direct founder-led outbound and inbound from content
  • Launch Morby for Employers microsite with an ROI calculator and compliance pack
3
Phase 03 · Month 4+

Scale, defensibility and category leadership

  • Ship a Scotland-jurisdiction product variant (Confirmation vs Probate)
  • Add LPA and digital-asset modules to lift ARPU into the £99+ band
  • Pilot bundled deployments with group-life insurers (Aviva, L&G, Canada Life, Unum)
  • Publish the inaugural 'State of Estate Planning in the UK Workplace' annual report
  • Release API v1 for HRIS integrations (HiBob, Personio, Workday, BambooHR)
  • Open conversations with retiring high-street solicitors to acquire small will-writing books
10 · Receipts · we already built it

25 accounts, ready to work.

This isn't a list we'd build for you on day one — it's the list we built for you while we were preparing this dossier. Names, titles, why each one is in-window now.

CompanyContactTitleSignal
Monzo[redacted]Head of RewardSeries-G fintech, 3,000 HC, Benifex stack, just hired Head of Reward (Mar 2026).
Octopus Energy[redacted]Director of PeopleHeavy hiring under-40 talent, no estate-planning benefit on careers page.
Wise[redacted]Senior People PartnerInternational workforce, Reward Gateway integration, IHT-reform exposure across non-dom employees.
Cleo[redacted]Chief People OfficerSeries-C fintech, brand built on millennial financial wellbeing — natural Morby narrative fit.
Multiverse[redacted]VP PeopleFast-growing edtech, Series-D, building flex-benefits stack from scratch in 2026.
Beauhurst[redacted]Head of PeopleMid-market data co · 0–6 months Head of Reward · Benifex integration confirmed.
GoCardless[redacted]Head of Total RewardsRecent re-org, public RFP for new wellbeing category Q2 2026.
Tide[redacted]People Ops LeadSME-banking, target audience aligned, Howden-broker relationship live.
Improbable[redacted]VP PeopleTech scale-up reset, looking for low-cost high-impact benefits.
Onfido[redacted]Head of RewardAcquired by Entrust 2024 — integration phase = appetite for new differentiators.
Thought Machine[redacted]Head of PeopleSeries-D, 600+ HC, no current estate benefit, Aviva group-life in place.
Hometree[redacted]People DirectorSeries-B insurtech, narrative around 'home protection' adjacent to wills.
Cera Care[redacted]Chief People OfficerHealthtech, ageing-population mission alignment, Trustpilot velocity required.
Zego[redacted]Head of PeopleInsurtech, regulated industry, CMA-aligned compliance one-pager will land.
Marshmallow[redacted]Head of PeopleFast-grown insurer, 1,000+ HC, mostly under-40 workforce.
Cloudpay[redacted]Director of RewardPayroll co — natural channel-partner conversation alongside HR-buyer pitch.
Plentific[redacted]Head of PeoplePropTech Series-C, building benefits stack into 2026 flex window.
Smartly[redacted]VP People EMEARecent EMEA expansion, IHT non-dom reform highly relevant for cross-border employees.
Arctic Wolf UK[redacted]EMEA HR DirectorUS-HQ entering UK — needs UK-first benefits answer fast.
Lendable[redacted]Head of People OpsFintech Series-C, Reward Gateway live, no estate benefit.
Cazoo[redacted]Reward LeadRestructure complete, refreshing benefits portfolio Q3 2026.
Vinted UK[redacted]People Partner UKEU-HQ co with growing UK workforce, life-stage benefits in scope.
Trainline[redacted]Head of RewardPublic, PMI commodity, looking for differentiator under £20/head.
Octopus Group HoldCo[redacted]Group HR DirectorOwner of Octopus Legacy — sensitive but interesting channel conversation.
Hiscox UK[redacted]Head of Reward UKGroup-risk adjacent, IHT-reform employer audience, broker-led buying.
11 · ROI · move the inputs

What this actually generates.

Projected closed-won at 4% conversion · 12 weeks£360,000 · 20 deals
09 · This week · action plan

What happens Monday.

Build the 500-contact UK Reward list

Prospecting & data

Use Apollo + LinkedIn Sales Navigator to assemble 500 Heads of Reward, C&B, Benefits Manager and People Ops Lead at UK 500–5,000 HC employers in London, Manchester and Birmingham. Enrich in Clay with job-change recency (0–6 months in post), tech-stack signals (Benifex/Reward Gateway/Zest) and funding/hiring triggers.

Seed the category on LinkedIn

Founder-led content

Post one founder-voiced LinkedIn piece per day for five days on 'Wills are the missing UK employee benefit'. Anchor each post to one of: 56% no-will stat, Farewill–Dignity deal, Octopus 50+ employer campaign, April 2026 IHT reform, CMA 2026 guidance. Tag one broker or HR influencer per post.

Open 15 channel conversations

Channel outbound

Personalised intros to Partnership leads at Howden, Benifex, Reward Gateway, Perkbox, Thanks Ben, Zest, Drewberry, Edenred, Lockton, Gallagher, Mercer, Aon, WTW, Lifeworks and Bupa. Lead with Octopus-Legacy category-movement evidence. Offer wholesale or rev-share + co-marketing. Target two discovery calls by end of week.

Pressure-test the IHT & benefits triggers

Signal validation

Book three 30-minute calls: one IHT-focused wealth manager, one group-risk broker, one recently-hired Head of Reward. Validate the April 2026 IHT-reform angle, the 'April flex-window' timing, and the language that resonates vs. current free-will campaigns.

Let's run the first 25 → cal.com/signalb2b