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L&G launches POS protection tool

Legal & General has launched an online point-of-sale business system enabling advisers to manage their own cases end to end.

The system, called OLP Connect, is currently being rolled out in phases with various partners throughout 2009.

The initial user group included Lifesearch and Direct Life & Pensions, and is now available to the rest of the IFA market.

The system gives advisers real time visibility, allows advisers to quote and apply for up to 40 protection products and offers improved point-of-sale underwriting.

L&G managing director of protection Bernie Hickman says: “Connect represents a major new investment for Legal & General to make advisers’ lives easier by opening up our whole back office system to them.

“Everything about the system is designed to make doing business with us simpler, faster, more efficient and with a greater degree of visibility and control. For the first time, advisers will be able to log in to monitor and progress applications without having to keep phoning us up.”


Fed minutes reveal downbeat outlook

Yesterday’s publication of the minutes of the Federal Open Market Committee meeting held on March 17-18 reveals a downbeat short-term outlook for the American economy.As well as revising down its projections for real GDP growth in the second half of 2009 and 2010, most participants viewed downside risks as predominating in the short-term. The minutes […]


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