It aims to help and support advisers with the practicality of writing more protection policies
The Right Mortgage & Protection Network has launched a new Trust Hub.
Trust Hub comprises of a range of protection insight podcasts and webinars which demonstrate how to complete the process for each of the main protection providers.
It also features a resource called ‘Trust Guru’ which maps out virtually every generic question you would ever wish to ask about how to write protection policies into trust, along with the corresponding answer written in understandable plain English.
The product also contains client facing sales aids to help advisers with the conversations about the benefits of trusts and what is involved with being a trustee.
Vincent O’Connor, director of products at The Right Mortgage, noted that advisers have sometimes struggled with the fundamental job of writing life cover protection policies into Trust.
“This perception seems to be backed up by the number of life cover policies which are actually written into trust each year across the UK and it’s something we all need to continue to strive to improve,” O’Connor said.
“It’s great to see that providers are continuing to invest in technology to make the job of writing protection policies into Trust easier – long may that continue. But when you look at the diversity of the Trust processes from each of the main providers, this can create challenges for advisers because they are all quite different.”
That is the reason, O’Connor said, why they have created a central resource for their advisers called the Trust Hub.
“It’s generic and it aims to help and support advisers with the practicality of writing more protection policies into Trust – both new policies and those already in force. I am delighted to launch this resource to our advisers which will help to boost knowledge, confidence, and application of getting the job done which will inevitably result in even more good consumer outcomes,” O’Connor continued.
