Lifesearch crafts £1000 outsourced protection service for IFAs

Laura Miller
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Lifesearch has developed an outsourced protection service for advisers which it will bring to market if there is support for the offering, CEO Tom Baigrie has revealed.

Advisers who take up the service would isolate the needs of the client, then provide Lifesearch with their factfind and a request to quote a fee for all the advice to best resolve their protection needs. Lifesearch would operate a two-stage charge for the service, with the protection advice paid for when it is given, and a fee for underwriting charged on successful applications. Baigrie estimated the service would cost about £1000 overall. The charge would be split between protection advice at £100 per hour with a £250 minimum, legal advice at £200 per hour with a £250 minimum, and un...

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