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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.”

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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

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