L&G's B&B deal: 'different' to multi-tie

As already noted, the deal will see some 200 B&B wealth advisers become employees of L&G although they will continue to operate out of B&B branches. This is just part of the model, Phipps explains, as B&B's mortgage advisers are not being switched between employers, but will be tied to L&G in the area of protection. From a historical model of independent (IFAs) and tied distribution, L&G will move to a model of “sole ties” with choice on the funds side. L&G previously announced a deal with Cofunds, which will see bonds and pensions offered through the platform, but with an L&G-bran...