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L&G ends Network Data deal

A row between Legal & General and Network Data has led to L&G ending its business relationship with the mortgage network.

L&G says it is no longer dealing with Network Data because of the low quality of business it says the network has been submitting.

But Network Data says the termination of the rel-ationship is a reaction to its L&G-IT campaign and says L&G is unable to differentiate between being a product provider on one hand and a network on the other.

Network Data launched the L&G-IT campaign to lure away small L&G brokers it says L&G told to join umbrella companies such as L&G-owned Mort-gage Advice Bureau.

L&G spokesman Peter Timberlake says: “Legal & General has severed its business relationship with Network Data as the quality of business that we received was much lower than with other IFAs.”

Network Data managing director Richard Griffiths says: “We have submitted business to Legal & Gen-eral for four years – for them to turn around and say it is low quality is just not credible.

“We do not think that this will make a difference to our life panel as we already have agreements with other providers.”

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.

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