Legal & General has completed the rollout of its ‘new early warning system', which alerts advisers when premiums have not been paid on their clients' policies.
The new early warning system (NEWS) is now fully available to all advisers and is designed to flag up missed premiums and ensure clients are not left exposed by lapsed policies.
L&G claims the online system ensures existing policies are maintained and enables advisers to improve client retention, safeguard their commission and benefit from a faster reinstatement process.
The firm has automatically registered over 15,000 advisers on the system and it expects more to sign up over the next 12 months.
Advisers can register for NEWS by logging on to the L&G adviser centre or by contacting their L&G representative.
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