Graham Newitt has spearheaded the development of Legal & General’s proposition for its network of tied advisers in both the housing and protection markets. The company is expected to announce its final plans for mortgage regulation before the end of the year.
Legal & General is a leading player in both the UK housing and protection markets and runs the largest network of tied advisers. The main focus of these tied advisers’ activities is in the housing market, providing advice on mortgages and the associated protection and insurance needs of UK homeowners. As a result, Legal & General is involved in one in 10 mortgages and arranges over one in five of all new mortgage related life assurance policies.
With major changes to the regulation of mortgages, general insurance and protection due to begin taking effect from the end of October 2004 the company will now focus on ensuring its network of advisers is best placed to operate effectively in this new world.
Graham Newitt said, “Legal & General has a reputation for providing a first class service to advisers with market leading products, dedicated back office support, leading edge online submission facilities and our award winning Mortgage Club. My challenge now is to ensure that alongside these we also provide the best support to assist advisers in the transition to the new regulatory environment”.
