Paradigm Protect has partnered with Assured Futures, the specialist life and health insurance intermediary in order to provide a new referral solution for Paradigm member firms.
Due to this new partnership, these member firms will now be able to refer clients to Assured Futures for a range of protection and insurance product options.
Furthermore, these firms referring clients to Assured Futures will receive a no cross-selling guarantee, and access to a wide panel of providers across all product areas – as well as earning a competitive commission.
Mike Allison, head of protection at Paradigm, said: “The Consumer Duty rules have drawn into a sharper light the need for advisory firms to provide a clear solution when it comes to their client’s protection needs.
“Many firms will already have this in hand however it is clear a significant number do not cover this in-house, neither do they have a trusted partner they can work with to ensure this particular base is covered.
“This new partnership with Assured Futures, means we can offer Paradigm member firms access to a protection specialist who will handle the client journey with no cross-selling and can ensure all their requirements are covered.
“We want advisers to be confident their client is able to keep up payments on their mortgage, for example, should they lose their job or suffer an illness that stops them from working.
“This new partnership, and new referral service, with Assured Futures does just this and it will give the right outcomes for both the referring adviser and their clients.”
Ian Sawyer, director at Assured Futures, added: “We are delighted and very proud to have Paradigm’s recommendation to its members and we look forward to making protection and PMI so much easier for them by simply referring to us when they do not want to write the business themselves.
“This sort of signposting is becoming critical in the market, as a result of the Consumer Duty rules.
“We’ve been working with IFAs, mortgage advisers and insurance websites for many years now and thus regarded as a very safe pair of hands.”
