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MGM to support advisers&#39 training

MGM Assurance is creating a support network to help advisers selling protection products with training and sales skills.

MGM says this is in response to the growth in sales of its protection products which have more than doubled in the last year and which it believes are set to increase dramatically.

The network will provide specialist support to advisers selling non-investment products, appointed representatives and regulated mortgage advisers.

Training, development and sales support will continue to be provided from regional centres while a dedicated business support unit is being created at the head office in Worthing offering centralised agency services, partnership marketing and promotions.

MGM Assurance general manager for appointed representatives Paul Rowell says: “We are adapting the support we offer our agents to reflect the different needs of investment advisers and those selling pure protection. Those disciplines have quite different expectations of a host company, as do brokers specialising in mortgages.

“These changes reflect our commitment to appointed representatives while providing a framework for developing protection and other non-investment sales.”


Disgusted with Tunbridge Wells

In common with many of my clients, I have had a 10-year with-profits policy with Tunbridge Wells Equitable Friendly Society that matured on October 1.We all received a letter from Twefs on August 7, stating the maturity value due for payment on October 1. Due to the events of September 11, Twefs then decided to […]

Scottish Widows sets its sights on the FTSE 100

Scottish Widows has introduced the guaranteed investment bond.The product is a guaranteed equity bond that is aimed at cautious investors who are looking for a product that offers growth and capital protection over the medium term.The bond will be linked to the FTSE 100 index for its six-year term. At the end of every six-month […]

All-in-one service to get IFAs&#39 businesses online

The In-a-minute group has set up an online product to help IFAs tap into the small business market through the provision of business start-up and support enables IFAs, under their own brand name, to offer online company registration, a domain name, DIY website and brochure design, legal documentation and guides, virtual office support and […]

DWP to launch face to face advice service

The Department for Work and Pensions is set to launch a face-to-face advice service for pensioners and those planning for retirement. As part of the new Pensions Agency, advisers would offer a home visiting service. It says it will give advise on benefits and if asked about personal pensions would direct people to websites and […]

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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