Mortgage and insurance network Stonebridge Group has today (16 July) started offering directly authorised firms access to its limited life and protection panel.
The panel was launched in 2011 for Stonebridge’s appointed representative firms, but will now be accessible to all DA firms seeking rates and commission terms for their clients.
The limited panel offers DAs access to Aviva, Friends Life, Legal & General, LV and PruProtect.
The firm estimated that DA firms using the panel will be able to typically earn 20 per cent more income than their existing outlets, with the commission paid direct to the firm by the provider.
Those firms using the panel will remain fully independent and there is no contractual tie-in to the Stonebridge Group. Network members have access to both this limited life panel and a whole-of-market offering which runs alongside it – AR firms choose the route they wish to use.
Paul Nye, business partnerships director at Stonebridge Group, said that several DA firms have recently requested access to the panel.
He said: “Because of this we are opening up the panel to all such firms who will now be able to benefit from the products available from our providers and the leading commission terms we have secured.
“Firms will sometimes chose to move between DA and AR status and our stance is to help support all practices in as many ways as we possibly can. It is a set-up which should benefit both the firms themselves and their clients.”
