The centre was launched in 2000, and has now introduced the UK’s first fully online paperless term assurance. The centre is now receiving over 30 per cent of term assurance applications received from IFAs are submitted using this facility, and over 50 per cent are accepted straight away, without the need for further underwriting.
Jon Tucker, head of IFA sales at L&G, said: "E-financial services is an area of immense possibilities for the future. With such focus on IFAs and providers to deliver increasingly cost effective and good value for money products and services, we will maintain the ongoing development of IFA Centre to help keep IFAs at the forefront of this industry".
