View more on these topics

Royal Liver is putting Millfield on hold for protection

Royal Liver says it will not offer its newly launched protection proposition to Millfield until the IFA’s situation is more stable.

Royal Liver launched its mortgage protection offering last month to around 8,000 IFAs from Lifesearch, Park Row, Sesame, Bankhall, In Par-tnership, Tenet, Threesixty and Simply Biz but notably excluded Millfield from the list.

There are no plans to offer the product to the whole of the market but IFA market manager Andy Milburn says more firms will be added to the list over the coming months.

Milburn says: “Until Millfield’s situation is sorted out, we will not deal with them.”

Royal Liver has not yet started multi-tie negotiations with any distributors, preferring to leave such discussions on the back burner until the launch of its protection offering is well under way.

Millfield chief executive Paul Tebbutt says: “I did not know that Royal Liver was launching a protection product and even if they came to us, we would not pilot it. Axa is launching a very attractive protection proposition and we are on that panel with Sesame and Bankhall. There is no comparison between Axa and Royal Liver.”


No relation

Further to the article on Square Mile Wealth on October 14, can I just confirm that there is no actual introducer relationship between Hamptons International Mortgages and Charles Cameron.Kevin DuffyManaging director,Hamptons International Mortgages, London


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm