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Network frustration at A&L policy

Discussions are underway at Alliance & Leicester after frustrated networks were told their members would be treated as individuals, rather than as part of a network.

Ian McIver, managing director at The Whitechurch Network, was told that, come regulation, each member of the network would have to pass a certain number of cases a year to carry on doing business with A&L.

McIver says: “I can understand this business model pre-regulation but once people have joined a network it can&#39t work like that. If A&L is going to do business with one member of a network, it would have to do it for all members. This is very odd. It would be fine if people were acting independently because obviously A&L wants to pass a certain amount of business.”

Trouble could arise if certain network members were to be refused the opportunity to do business with A&L while others members were passed.

Sally Lauder, spokeswoman for A&L, says: “Each broker will have to register with us, regardless of its size. At the moment A&L is talking to each network separately.

“Nothing has been formally been decided yet.”

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