Personal Touch plans legal proposition for adviser members

clock

Personal Touch will be launching a legal proposition for adviser members, with plans set to get underway in the third quarter of this year.

David Carrington, marketing director at Personal Touch Financial Services, said: "Adviser firms active in the legal services area are very limited at the moment to be honest. We have not seen many firms really branching out.
But protection firms have had a lot on their plates with gender neutralisation and are busy with other things.

"There are two parts of adviser business, particularly for the protection firms, which are in two silos; protection policy business and legal services including will writing, trusts and power of attorney. These need to be brought together in one full fact find."

Personal Touch plans to set up two options for its adviser members. Advisers can either do the "instruction taking" - essentially a legal advice fact find - and outsource the transferral of that into the end product (will, power of attorney), or train to offer the full end-to-end service.

Carrington said most advisers would likely opt for the former and Personal Touch will either employ an in-house legal team or partner with a third party for those advisers wanting to outsource.

Carrington said overall adviser members were increasingly either training individuals in the firm to become resident protection specialists or outsourcing protection business to other specialist firms.

He added it was only a narrow band of advisers who focused solely on investment and did not offer protection advice.

Sesame Bankhall Group launched a legal services proposition for adviser members in 2011; Sesame Bankhall Legal Services gives advisers the tools to manage legal needs with clients.

Author spotlight

Nicola Culley

More on Adviser / Broking

Demand for protection and health to rise in 2025: The Exeter

Demand for protection and health to rise in 2025: The Exeter

Survey from The Exeter

Cameron Roberts
clock 20 December 2024 • 2 min read
2024 year in review: Advisers look back on quality

2024 year in review: Advisers look back on quality

Market reduction, adviser skills and the mortgage market

Cameron Roberts
clock 19 December 2024 • 5 min read
Advisers continue demand for vulnerable customer support

Advisers continue demand for vulnerable customer support

Rise in training take-up for Just Group

Jaskeet Briah
clock 16 December 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read