The company is starting discussions with its business partners to communicate how it intends to operate in the new market.
In preparing for this change, Legal & General will ensure that its proposition meets the new regulations and the needs of the company’s network of advisers.
Graham Newitt, Managing Director, Intermediary Solutions said, "The development of our proposition is a significant project and it is progressing well across a number of workstreams. Many people from across Legal & General’s business are now involved in making our proposition work."
"As the UK’s leading provider of protection policies* this is a natural extension to the services we provide for advisers in the housing market."
"Legal & General has a proven track record of helping its business partners cope effectively with regulatory change. We are providing continuity through this change in the marketplace."
"Legal & General has taken a measured and sound approach to the development of its proposition and we are now in a position to talk to our business partners about their future with us in this new environment."
"We are developing point of sale risk management systems and the financial arrangements to ensure the service will be delivered compliantly, economically and efficiently in 2004 and beyond."
"We expect to be updating the market regularly on our proposals as the finer details are developed."
Advisers who want to discuss Legal & General’s proposition should call 08457 697057 or email [email protected].
