Insurer Legal & General (L&G) said it is ready to deliver a restricted advice solution for its distribution partners after announcing an increase in half-year profits.
The group said it had secured distribution relationships with a number of key partners and now has sole tie deals with more than 75% of the UK building society sector, across some 1,100 branches. It said it believes building societies are well placed for the "efficient provision" of financial advice following the implementation of the Retail Distribution Review (RDR) at the end of the year. It also said it is confident these services can be extended to a wider restricted advice market which it predicts will probably grow post-RDR. It comes as Legal & General said it had boosted ope...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
