The panel has seven providers - Norwich Union, AXA, Zurich, Towergate, CETA, Source and Paymentshield – and will increase further in January with the addition of Halifax and Legal & General.
LIME said it has enhanced its proposition in light of the imminent regulation of general insurance (January 14 2005) and the growing need for holistic financial planning services to clients.
The panel will provide support for mortgage sales such as an exclusive building and contents policy and ASU products, and access to other personal and commercial line business and specialist niche insurance products.
Bob Lander, general insurance business development manager at LIME, said: “Advisers now more than ever need to ensure their clients receive advice across all product areas, which includes general insurance.
“With this market becoming a growing and profitable area the panel arms advisers with the necessary tools to take advantage of this and increase their income streams while providing a quality service to clients.”
“We will review the panel regularly to ensure it continues to stay at the forefront of GI support in the industry,” Lander added.
John Rattigan, head of compliance at Manchester-based broker firm Cartel, said: “Everyone geared themselves for MCOB but general insurance regulation seems to have been put to the back of many firms’ minds.
“But next year we will see a lot of companies either launching small general insurance panels or single-tied insurance firms emerging.”
