Intermediaries with business they are unable to service - whether this is because they do not or are not qualified to operate within a particular sector, or another reason - will now be able to refer this business to PNG and still earn a percentage of the commission.
Referrals are accepted for life assurance, general insurance and mortgage business, as well as clients looking for pensions and investment and equity release products.
PNG will deal wth the life, GI and mortgage clients, while all others will be passed on to IFA practice, Trilogy Financial Services.
Karen Butt, head of group sales & marketing at PNG explained: “Advisers who introduce to PNG can be certain that their client will be looked after and presented with the appropriate product for their needs and circumstances.
"Through PNG’s Introducer service advisers are now able to offer an ‘across the board’ facility for all their clients’ needs even if they do not currently operate in those product sectors.
"The client does not need to look elsewhere for the advice maintaining a strong relationship with the broker and offering them a new, potentially lucrative, income stream.”
