A total of 680 advisers have been signed up to test Zurich's mortgage network since its launch 12 weeks ago, according to director Richard Coulson.
Advisers at 281 businesses are sampling the mortgage network, which offers products from a panel of 17 lenders.
Zurich aims to have 1,600 RIs on board by the end of 2004 and Coulson hopes to bring the total up to 2,000 in 2005.
He says many advisers who sign up to networks will realise during the course of 2005 that their network is not right for them and will seek alternative networks such as Zurich.
He says: “I am very confident that there are more than enough advisers out there wanting to become appointed representatives. We want those who are best suited to our offering. I also think there will be a washout in 2005 as advisers realise the network they joined is not what they want and this will help us to reach our target of 2,000 RIs by the end of 2005.”