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L&G wins exclusive insurance deal with Platform

Specialist lender Platform has chosen Legal & General as the sole supplier of general insurance for its clients.

The tie-up with the non-conforming lending subsidiary of Britannia Building Society follows its relaunch last month as a result of the merger of Verso and Platform Home Loans.

L&G&#39s general insurance products include specialist cover for buy-to-let loans as well as traditional household and ASU cover.

The life office already underwrites a significant part of Britannia&#39s household business and Platform is a member of its mortgage club. It was the main underwriter for Platform and Verso prior to the merger.

L&G says the appointment reflects its successful strategy of expanding relationships through the provision of complementary and flexible skills and products.

Platform managing director David Tweedy says: “Platform has had a long and successful relationship with L&G and we are delighted to enhance our association through a new, innovative and mutually developed process for referrals. This agreement serves to enhance the relationship that Platform and our parent company, Britannia, have with L&G.”


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&#39Closet trackers costing £125m in excess fees&#39

UK equity investors could be throwing away up to £125m a year in excess management fees by investing in closet tracker funds, according to Legal & General.L&G&#39s research has found that UK retail investors have around £50bn in actively managed funds with annual management fees of at least 1 per cent.It claims many of these […]

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It may be the fag-end of the Isa season but the diary thinks Britannic Retirement Solutions head of communication Jim Boyd&#39s tongue was only slightly in his tobacco-filled cheek when he suggested launching a campaign to persuade annuity purchasers to start smoking on National No Smoking Day.An ashen-faced Boyd feared his pipedream to filter better […]

ABI wants protection risk rating reduced

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Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


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