Woolwich reveals distribution strategy for 2009


Woolwich is to launch a new distribution system for 2009, which will see the bigger networks and clubs given individual tranches of funding.

The move comes into force on 2 February and follows lengthy discussions with the largest distributors in the market. As part of the arrangement, Woolwich will be running a funding desk, which members of the biggest networks and clubs can contact through a single telephone number. Once through, they will be asked to identify which distributor they are a member of, at which point Woolwich staff will access the tranche of funds available to that distributor. The broker can then book the funds for their customer, and have 48 hours to submit the business to Woolwich. The smaller networks and...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read