PNG launches introducer service for brokers

Premier Network Group has launched an introducer service for brokers across a range of financial product sectors.

PNG is offering advisers who are unable or unwilling to operate in a number of areas the opportunity to introduce their client’s business to PNG and receive a percentage of the procuration fee.

Roma Bailey, introducer manager at PNG, is responsible for introducer referrals in the following areas: life assurance, general insurance, mortgages, pensions and investment, and equity release.

Those brokers referring life, general insurance and mortgage business will have their client looked after by PNG while those pensions, investment and equity release clients will be referred to Trilogy Financial Services, an experienced IFA practice.

Karen Butt, head of group sales and marketing at PNG, says: “Our range of services to introducers allows brokers to earn commission on business they are unable to place – this may be because they are unqualified in that particular sector or simply want the ease of referral.

“Brokers who introduce to PNG can be certain that their client will be looked after and presented with the appropriate product for their needs and circumstances.

“In the case of life, GI and mortgage, PNG are able to contact the client, provide the advice, and secure the business while the introducing broker is still able to pick up their percentage of the commission.”