View more on these topics

L&G gives HNW advisers direct access to senior underwriters

Legal & General is offering advisers direct access to senior underwriters for their high net worth clients.

In discussing their applications pre-submission, L&G says it should reduce potential delays in sourcing both medical and financial information and get clients on risk sooner.

L&G says these underwriters have specialist experience of the market that enables them to focus on the core skill of assessing the risk (both medical and financial) 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 turnaround 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.”


Hargreaves hits out over ‘reckless’ fund sales

Hargreaves Lansdown chief executive Peter Hargreaves says repricing property funds is like market value reductions on with-profits funds, with the loudest complaints coming from IFAs who “recklessly” piled clients into them.He says many IFAs “took the least line of resistance” with investors, making easy prop-erty sales, just as they sold too many single-premium with-profits bonds, […]

Through the motions

What good are consultations if the Government has made up its mind?

Sesame set to boost ARs with Friends’ backing

Sesame chief executive Patrick Gale says he expects to grow the firm’s appointed representative network rapidly under the ownership of Friends Provident.Gale says previous owner Misys was not willing to provide the capital needed for expansion but Friends Prov will support its expansion plans over the next six to 12 months following its £75m takeover […]

Take heart

Partnership Home Loans is offering a lifetime mortgage which will be of great help to the elderly who are in ill-health. Those who are overweight, have high blood pressure or smoke with a history of heart problems will be able to borrow a much higher percentage of the value of their house than is normally […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment