LEGAL & GENERAL INTERNATIONAL (IRELAND) ADVISER CHARGING GOES LIVE.
05 November 2012
Legal & General International (Ireland) Limited (LGII) has announced that they are now ready to facilitate adviser charging for International Portfolio Bond new business.
The Dublin based company says it will also continue to accept commission based business until the year end and trail commission on pre-RDR products will continue to be paid under client instruction.
Where advice is given and a personal recommendation is dated on or before 30 December 2012 LGII will pay commission provided the plan is issued on or before 31 March 2013.
CEO of Legal & General International (Ireland) Ltd, David Fagan said: “Provided we have explicit instructions from clients, we can facilitate payment of an adviser charge as of today.
We have fully updated our processes and product material and, if requested, can provide an International Portfolio Bond quote showing a facilitated adviser charge and process the application straight away.
Providing facilitated adviser charging in this way, well in advance of the RDR implementation deadline, underpins our commitment to help advisers meet the challenge of RDR as they transition their client business models and processes to meet the new regulations. “
For facilitated adviser charging advisers should ensure that they use the relevant RDR ready support material and application form that can be found on the LGII website. International Portfolio Bond charging structures have been simplified and this is reflected in the new material.
All commission based new business applications should continue to use LGII existing material.
Advisers who wish to find out more information on LGII commission and adviser charging policy should request a copy of our simple Adviser Service charging document. Please contact your usual Legal & General representative or call our Distribution Support Team on 0845 674 0803. Lines are open from 9.00 am to 5.30 pm Monday to Friday. We may record and monitor calls. Call charges will vary.
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
Legal & General International (Ireland) Limited is a subsidiary of Legal & General Group Plc.
Registered in England No. 01417162.
Registered office: One Coleman Street, London EC2R 5AA
Legal & General International (Ireland) Limited is authorised by the Central Bank of Ireland.
A member of the Association of International Life Offices.
The Dublin based company launched its first product, International Portfolio Bond, in November 2007 in response to growing demand for access to international investment products from advisers and their clients based in the UK.
The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 30 June 2012, we were responsible for investing £388 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.
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