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HNW advisers get direct access to L&G underwriters

Legal & General is giving direct access to its senior underwriters for advisers dealing with high-net-worth clients.

The insurer says it should reduce potential delays in sourcing medical and financial information and ensure that clients are on risk sooner.

L&G says its underwriters have specialist experience of the market that enables them to focus on the core skill of assessing the risk presented by high-net-worth applications.

Protection product marketing director Bonnie Burns says: “High-net-worth individuals tend to be cash rich but time poor, so we aim to have a turn-round time of 30 days from receipt of application.

“By working with the adviser and their client before and after the application has been submitted, we believe we can achieve this. What we are offering is dedicated support from a senior underwriter and proactive case management by the high-net-worth team to help deliver a polished service from start to finish.”


Myners charged with making personal accounts peace

Paul Myners has taken up the role of Personal Accounts Delivery Authority chair and with it the task of making many of the difficult decisions the Government has been wrestling with for the past two years.

Mint to target HNWs with national arm

IFA network Mint is setting up a national arm specialising in advising high-net-worth individuals.Mint Wealth Advisers is set to launch on September 5 and will be headed by ex-Origen branch manager Andrew Kirby.Mint says it expects to have eight regional managers in place by the end of the year.The Mint network has about 270 RIs […]

‘ABI pursuing anti-advice agenda’

Aifa has attacked the ABI’s proposals for the retail distribution review, accusing it of being against advisers and losing sight of consumers.Director general Chris Cummings says the ABI is pursuing a “very clear agenda that is anti-advice, anti-adv-iser and working against the consumer”.He says the ABI is so worried about persistency levels that it is […]

FSA publishes TCF support and promises dividends if standards improve

The FSA has published guides to help adviser firms improve treating customers fairly standards and promised less scrutiny of firms that prove their TCF credentials.The FSA has today published a paper on TCF culture including examples of good and bad practice and a framework allowing a firm to assess the risk its culture presents in […]

Tech winners keep on winning

By Ali Unwin, chief technology officer & fund manager, Neptune Artificial intelligence, driverless cars, big data. As technological advancements – and disruption – increasingly dominate headlines, Ali Unwin sets out six key themes he is watching in 2017. Read more Important Information Investment risks Neptune funds may have a high historic volatility rating and past performance […]


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