Mortgage network Stonebridge Group has introduced a new multi-tie life and protection panel to run alongside its existing whole-of-market offering.
The panel will offer products from five providers – Aviva, Bright Grey, Friends Provident, PruProtect and LV=.
The new panel offers greater commission levels than the whole-of-market panel in exchange for working with a smaller panel of providers. Individual AR firms can choose which panel they wish to use.
Managing director Richard Adams says: “Having conducted research and listened to our AR firms it was apparent that many were interested in securing greater income from working with a protection panel.
“In addition to increased commissions, many ARs felt that working closely with five market-leading insurers gave them more in-depth product knowledge and sales development focus to help increase protection sales. To this end we have introduced a protection panel to complement our existing WOM offering.”