Legal & General Network freezes fees


Legal & General Network (LGN) has confirmed plans to freeze its current charges for existing mortgage, protection and general insurance services until January 2014.

It comes after several other networks announced fee charge increases for their appointed representatives. LGN will continue to take its appointed representative fees from one source - a small percentage of the procuration fee. Firm fees, adviser fees and overall percentage of turnover fee are all excluded. Just one charge and the amount charged taken from the procuration fee has remained unchanged since M-Day in 2004. Duncan Crocker, managing director of LGN, said: "We believe it is important to our partner firms to be able to plan with confidence, particularly in these times of ec...

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