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Route 2 goes into administration

Shamed former Royal Liver sales manager Chris Large’s new firm has gone into administration following what is understood to be regulatory problems with the FSA.

Macclesfield-based Route 2 Solutions went into administration on July 18 after moving into its “prestigious new offices” only five weeks earlier.

Director Chris Large was sacked from Royal Liver after two months last November for making derogatory comments about its policyholders.

The Liverpool-based sales manager told his sales team he thought the 1.4 million policyholders were too lazy to access life insurance via the internet.

Cheshire-based Route 2’s website claims it had 180 advisers at the time of closing although the FSA website lists only three. It was set up in September 2004, receiving fully authorised status in October 2004.

In October 2004, Route 2 signed a three-year agree- ment with Friends Provident to offer term insurance, critical-illness and income protection products.

Vincent Simmons of Bennet Verby, the firm handling the administration process, says: “The company is insolvent and had ceased to trade the week previous to it going into administration. Proposals will likely be put to creditors within eight weeks of my appointment.”

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