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LV= launches large case service

Protection provider LV= has unveiled its plans to draft in a team of specialists to front its new large case service for advisers dealing with high net worth clients.

The move comes after a pilot trial revealed the end-to-end service, which provides advisers with a single point of contact, reduced the processing time for large case applications by 60 per cent. As a result the protection firm decided to roll it out across its entire protection range, with specific minimum amounts covered.

LV= head of protection Chris McFarlane says: “We understand that larger cases often need specialist attention and so we have introduced this service to put the minds of advisers and their clients at rest. Financial advisers have told us that this type of service would be useful, so we have listened to them and worked to develop a service that we know they will value. It is a win win situation for both financial advisers and their clients.”


Cavanagh profits up 23 per cent

IFA Cavanagh Group has reported an increase in EBITDA of 23 per cent to £1.078m in the six months to June 30, up from £875,000 in 2007.

‘Prepare for Generation Y’

Advisers have been warned that they must “Y-proof” their businesses before 2015 to cater to the next generation of consumers.

FSA bans two more brokers

The FSA has banned North Wales mortgage broker Stephen Jones and fined him £100,000 after finding he had exposed about 1500 customers to the risk of receiving unsuitable advice.


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