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Stonebridge overhauls protection advice process
['Dan Cooper']
Money Marketing
Stonebridge has overhauled its protection sourcing process and advice standards following more than 4,000 hours of development and testing.
Stonebridge has also expanded its protection and general insurance advice standards to provide further guidance for advisers dealing with clients who decline complete protection.
AMI survey to examine changing protection advice trendsChanges have also been made to how different product options are presented to help advisers explain their risks and benefits to clients.
The changes come amid increased regulatory scrutiny of the protection market following the Financial Conduct Authority’s Pure Protection Market Study.
“It’s the opposite of a cookie-cutter approach to protection advice,” he added.