L&G mortgage network pits advisers head-to-head

clock

Legal & General (L&G) will assess which of the advisers at its mortgage network are best at selling protection alongside a mortgage.

It is set to roll out a sales analysis tool called the Mortgage Related Protection Framework (MRP), which compares the individual performances of its employees. It is currently being used at Legal & General Partnership Services, which represents around 11% of its protection business, and L&G says it will enable it to improve the performance of its advisers and increase profitability. Advisers at MRP are tied to L&G for protection and general insurance sales but are effectively whole of market for mortgages. "In every firm there will be some advisers that are good at selling protection...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Technology

Model Office launches AI compliance audit software for advice firms

Model Office launches AI compliance audit software for advice firms

Streamline client file reviews and compliance document audits

Isabel Baxter
clock 17 April 2024 • 2 min read
Twenty7tec unveils web-based CRM solution for advisers

Twenty7tec unveils web-based CRM solution for advisers

‘Advisers are tired of overpaying for technology that integrates poorly’

Isabel Baxter
clock 17 April 2024 • 1 min read
Growing technology use increasing adviser and client pressure

Growing technology use increasing adviser and client pressure

Nearly all advisers say investment clients have become more demanding

Isabel Baxter
clock 16 April 2024 • 1 min read