Lifesearch crafts £1000 outsourced protection service for IFAs

Advisers who take up the service would isolate the needs of the client, then provide Lifesearch with their factfind and a request to quote a fee for all the advice to best resolve their protection needs. Lifesearch would operate a two-stage charge for the service, with the protection advice paid for when it is given, and a fee for underwriting charged on successful applications. Baigrie estimated the service would cost about £1000 overall. The charge would be split between protection advice at £100 per hour with a £250 minimum, legal advice at £200 per hour with a £250 minimum, and un...