L&G does 5-year deal with The Exchange

This means IFAs will continue to access L&G products via the online quotes and new business services offered either through Exweb or directly via L&G’s adviser extranet. Exweb says it handles 90 million quotes annually, covering 280 products from 43 providers. Exchange owner Marlborough Stirling was acquired by FTSE giant United Utilities earlier this year through its Vertext Data Sciences Ltd IT business. The acquisition documents valued Marlborough Stirling at £95m, or 42p per share. The acquisition is to be finalised this week – by 12 May - according to the provisional schedule...