Woolwich reveals distribution strategy for 2009

The move comes into force on 2 February and follows lengthy discussions with the largest distributors in the market. As part of the arrangement, Woolwich will be running a funding desk, which members of the biggest networks and clubs can contact through a single telephone number. Once through, they will be asked to identify which distributor they are a member of, at which point Woolwich staff will access the tranche of funds available to that distributor. The broker can then book the funds for their customer, and have 48 hours to submit the business to Woolwich. The smaller networks and...