From today Active’s directly authorised member firms have full access to the Stonebridge panel which features products from five providers – Aviva, Bright Grey, Friends Provident, PruProtect and LV=.
Stonebridge launched its limited life and protection panel in October last year for exclusive use by its network firms. The limited panel runs alongside its existing whole-of-market offering providing a range of options for its members.
This new partnership with Active gives its directly authorised members the opportunity to potentially earn higher commission levels in return for committing to work solely with the five chosen providers.
Commenting Richard Adams, managing director of Stonebridge Group, said: “Partnering with Active Lending Solutions allows us to offer our limited life and protection panel to a much wider broker audience.
“Active’s members will now be able to enjoy the same quality of provider and product offering as Stonebridge AR firms, plus they’ll be able to take advantage of the potential commission increases available.
“It will also allow Active’s members to forge a closer, more in-depth relationship with the five providers on panel. Active Lending Solutions was certainly the right fit for this arrangement and this announcement is hopefully the start of a long and successful synergy between the two businesses.
“Stonebridge’s focus may be on AR firms, but we are also committed to helping DA brokers across the marketplace.”
Gordon Covell, managing director of Active Lending Solutions, said: “To bring a wide panel of leading life providers to our directly regulated brokers is something Active has wanted to do for a long time.
“We are delighted to team up with Stonebridge to open up this facility to the DA market.
“The debate on whole of market or limited panel has raged for years and many of the large estate agency groups have been working off panel for a long time and earning enhanced commission.
“Active Lending Solutions recognises that some brokers prefer whole of market but we want to offer choice and believe many members will see this facility as a much-needed boost to income at a time when the mortgage market is bumping along the bottom, and is likely to remain slow for the foreseeable future.
“Active Lending Solutions looks forward to developing greater links with Stonebridge and the life panel is just the start of things to come.”
