The Right Mortgage & Protection Network has announced the launch of a new referral service which will allow members to refer business that they do not conduct to the Network who will act as a representative of the adviser in finding the client an appropriate product. With a no-cross-selling agreement in place, advisers can deal with all of their clients’ financial needs safe in the knowledge that nobody will poach that client and earn 30% of any commission on that product. The launch of the Network’s Equity Release and PMI processes show the Network’s intention to give its members the opportunity to take advantage of these lucrative markets, with the processes being set up with both the adviser and their customers in mind. CEO Martin Wilson said: “We are delighted to make these announcements which have been the product of much adviser feedback. Weekly commissions has been one of the main features that has been requested and so we are thrilled to now be able to offer this. The launch of the referral service as well as our Equity Release and PMI propositions shows our aim to give all of our advisers the opportunity to provide their client with a holistic financial planning service and achieve the best possible customer outcomes. MD, Adam Stretton added: “Our already strong proposition continues to grow and we are certain that this will have a significant positive impact on our advisers’ business.” Source link