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Release Date: 11/19/2008
November 2008 - Legal & General believes that mortgage networks must rapidly evolve, just as advisers are having to do, in order to adapt and survive the extreme market conditions. Duncan Crocker, Managing Director of Intermediary Distribution at Legal & General said: “In recent months, the role of a network has shifted to provide focussed sales training to mortgage businesses. These businesses are looking to secure their futures by giving advice, especially to existing clients, across a much broader range of mortgage-related protection and wealth client needs. We maintain a large team of development managers on the road giving sales training, have a proven CRM system and we are also exploring and implementing options to help provide financial support to our partners through the current market downturn.”
Duncan Crocker added: “Legal & General has a very broad spread of distribution partnerships, ranging from large banks to small IFAs. What attracts firms to be aligned with us is our enviable financial strength, strong brand and our diverse range of solutions to suit all business models. Brokers can, for example, choose to become a part of our regulated mortgage network if they don’t want the risk or cost burden of being directly authorised.
About Legal & General in the Housing market:
Legal & General’s mortgage network was set up when mortgage regulation came into effect (2004) to distribute mortgage-related insurance via a network of tied mortgage advisers. The company, called Legal & General Partnership Services Limited, provides compliance services, support and sales training to mortgage advisers.
The Publicity Team
Legal & General House
Kingswood
Tadworth
Surrey KT20 6EU
Phone: 020 3124 2090
website: http://www.legalandgeneral.com/
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