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

GRiD adds IHC to membership

GRiD adds IHC to membership

Independent advice to corporate clients

Jaskeet Briah
clock 18 June 2025 • 1 min read
The Right Mortgage and Protection Network introduces health fact find

The Right Mortgage and Protection Network introduces health fact find

Aims to simplify advice processes

Jaskeet Briah
clock 18 June 2025 • 2 min read
Howden Group's CEO David Howden awarded CBE

Howden Group's CEO David Howden awarded CBE

King's Birthday Honours List

Jaskeet Briah
clock 16 June 2025 • 2 min read