Blu Debt and Paymentshield to stage insurance seminars
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Blu Debt Management has teamed up with Paymentshield to staget 18 joint seminars for mortgage advisers and IFAs across the country.
The seminars will advise brokers on how to target insurance products to clients and how to advise client’s with debt problems.
James Briggs, sales director at Blu Debt Management, says: “Demand for debt advice is growing rapidly as the mortgage market remains restricted, so Blu is forming strategic partnerships to help advisers provide their clients with long term support.
“Blu’s partnership with Paymentshield will help advisers provide a solution for a client’s immediate and future needs, helping them to develop lasting customer relationships and create an ongoing form of income.”
Scott Thomson, spokesman for Paymentshield, adds: “Whenever a broker crosses the path of a client it is important to ensure the client had adequate protection for their property no matter what stage of their financial life they’re at.
“Particularly now, with unemployment set to increase further and little sign of economic recovery, it is paramount that a clients’ future plans are protected from loss of income as a result of accident, sickness or unemployment.”
Readers' comments (6)
Ronnie King | 2 Sep 2010 12:33 pm
Good to see a debt management company actively working with insurance providers to ensure that clients maintain valuable cover even in times of hardship. All too often, when people are struggling financially, insurances are the first thing cancelled.
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Steve Tappin | 2 Sep 2010 12:39 pm
Excellent news for indebted clients..
Working with both Blu and paymentshield whilst being within the financial services sector,this can only be a win win situation for the client(s). Heavily indebted clients need to have professional advice and management to deal with their debt problems, while paymentshield can offer the insurance ensuring they are covered in terms of their income situation getting any worse.
Excellent news!
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Keith Morton | 2 Sep 2010 3:59 pm
Good to see a debt management company promoting Protection. Good news for the client and the broker too!
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S.Roger | 3 Sep 2010 10:38 am
I have been an IFA for 18 years and in the debt management side of things for 7 years (well before it was fashionable)
My point is this, I have always felt a bit annoyed that when I add Income Protetion to a debt case,it is always frowned upon by the debt management or insolvency firm involved,simply because there is an extra cost to it.The reality is that you are protecting the funds that pay for the IVA or whatever the crisis is, and protecting the client against any further hardship.
Well done to Blu and Paymentshield for driving the importance of these 2 products together!
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Tom Pallin | 3 Sep 2010 10:50 am
I HAVE BEEN INVOLVED WITH A FINANCIAL SERVICES COMPANY FOR 3 YEARS, WITH THE DEBT MANAGEMENT PART OF THE FIRM THROUGHOUT, WE ARE UNBELIEVEBLY BUSY WITH DEBT CASES,AND WE ALWAYS HAVE TO PLAY DOWN THE PROTECTION SIDE.I HOPE THAT THE BLU/ PAYMENTSHIELD SEMINARS ARE THE START OF THE PRODUCTS COMING TOGETHER
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Tom Rowe | 5 Oct 2010 10:58 am
THERE IS A NATURAL CORRELATION BETWEEN THESE TWO PRODUCTS, I AM NOT SURPRISED TO SEE PAYMENTSHIELD LINKING UP WITH ONE OF THE BIG DEBT MANAGEMENT FIRMS OUT THERE,I HAD SWITCHED ON TO THE DEBT MANAGEMENT SIDE OF THINGS AS A SHORT TERM FIX TO MY STRUGGLING MORTGAGE FIRM.I NOW DO MORE DEBT MANAGEMENT THAN I PREVIOUSLY DID MORTGAGES AND AS A CONSEQUENCE I HAVE A FAR BIGGER TURN OVER OF INCOME PROTECTION. THE CREDIT CRUNCH HAS BEEN A NIGHTMARE AND AT THE SAME TIME A BLESSING FOR MY BUSINESS AND I MUST ADMIT THAT D.M.IS NOW MY CORE BUSINESS AND PROBABLY BY ACCIDENT.
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