Premier Network Group (PNG) is launching an introducer service to allow intermediaries to receive proc fees from other financial product sectors.
The service will allow brokers to receive a percentage of proc fees for life assurance, general insurance, pensions, mortgages, investments and equity release referrals.
PNG says the service is aimed at advisers who are unable or unwilling to do business in various areas, but who might still wish to introduce their clients to other sectors.
“Our range of services to introducers allows advisers to earn commission on business they are unable to place – this may be because they are unqualified in that particular sector or simply want the ease of referral,” explains Karen Butt, head of group sales and marketing at PNG.
PNG says it will look after referrals for the life, general insurance and mortgage sectors, while Trilogy Financial Services, an IFA firm, will take care of pensions, investment and equity release clients.
PNG says all referrals can be submitted through the PNG website, with the relevant advisers able to contact a client and advise them on relevant products.
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