LGSS will manage a panel of surveyors on Openwork’s behalf.
The deal follows a tendering process and strengthens the relationship between Openwork and L&G, with the latter having been added to Openwork’s panels for life protection, pensions and general insurance in the last 12 months.
Paul Shearman, proposition director at Openwork said: “Moving panel management is a big decision, but having worked with the team at LGSS to establish the new operating model over the last few months, I am very pleased with the progress achieved.”
He added: “In a rapidly consolidating market, small and medium sized firms are increasingly being squeezed by large corporate firms with employed surveyors. In LGSS, we have found a partner with an aligned interest in supporting these firms, whilst still ensuring that the service quality being delivered to our lenders is excellent.”
Steve Goodall, managing director of LGSS said: “At LGSS it is extremely important to us to work closely with our partners to ensure we deliver the right proposition, dedicated support and high levels of service for their members and customers. I am excited at the potential for the partnership and confident that it will be very successful.”
