Legal & General's adviser 'nudge' system results in £23m protection payouts

clock

Legal & General's (L&G) early warning system, which nudges advisers when protection policies are cancelled or lapsed, has so far led to payouts of £23.4m in 2015.

The early warning system alerts advisers to lapsed or cancelled policies giving them the opportunity to contact clients directly. Legal & General head of commercial management and distribution quality Andy Clark said the figures showed the initiative had helped advisers generate new business and retain existing clients. He said: "Helping advisers to develop and monitor the quality of business processes feeds into the level of customer service brokers can offer, which in turn improves client retention. "Ensuring that policyholders are kept up-to-date, particularly with developments ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Protection

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

Majority believe IFAs and wealth managers should not outsource, PA Asks finds

Isabel Baxter
clock 13 May 2025 • 3 min read
Five things to know when assessing critical illness policies

Five things to know when assessing critical illness policies

Five critical illness factors to consider

Alan Lakey
clock 12 May 2025 • 4 min read
Finding cover for clients with health conditions poses challenge for advisers

Finding cover for clients with health conditions poses challenge for advisers

The Exeter research findings

Jaskeet Briah
clock 12 May 2025 • 1 min read