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New PMI service launches for IFAs

PMI Partners is offering intermediaries a new service to partner with its expertise in private medical insurance offering 33 per cent commission.

The broker, led by Ian Sawyer, allows IFAs and insurance brokers to become a specialist partner for PMI business, giving clients access to an independent expert review of their PMI needs together with cost and benefit comparisons.

The client receives the PMI advice required and the IFA earns 33 per cent introducer commission.

PMI Partners cites ABI figures, revealing that individuals taking out PMI has risen year-on-year for the first time in recent years.

Sawyer says IFAs are perfectly positioned to add PMI to their services and need not be deterred by the specialist nature of the business.

He says: “Any independent adviser should know the market well enough to be able to advise from a full range of products. But many just do not have time to keep up-to-date on the changes in the PMI sector. PMI Partners helps IFAs and brokers overcome the pitfalls if they want to keep PMI advice in-house.”

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