L&G: What's being done to clean up UK protection distribution?

Red flags, reviews and verification checks

clock • 3 min read

‘We have closed down more than 50 agencies during the last three years,’ writes Craig Brown

One of the most important - and frequent - discussions I have with protection brokers and advisers is around what we are doing, as an insurer, to monitor and improve the quality of protection distribution in the UK. We have developed a vast amount of data and intelligence in this regard, which has evolved over the last decade and since we first set up EWS (early warning system) in 2010. In the last three years alone, we have closed down more than 50 agencies, representing over 10% of annual protection turnover. The purpose is not only to protect customers and help reputable distributi...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Rosemount adds MetLife UK to panel

Rosemount adds MetLife UK to panel

Members to access MetLife's protection products

Jaskeet Briah
clock 16 April 2025 • 2 min read
Reassured invests in behavioural science

Reassured invests in behavioural science

Project with Unconventional Wisdom

Cameron Roberts
clock 15 April 2025 • 1 min read
Rosemount launches adviser portal

Rosemount launches adviser portal

Centralised educational hub

Jaskeet Briah
clock 11 April 2025 • 2 min read