This arrangement will include individual protection products and structured deposit products.
Chris Last, managing director, Legal & General bank & building society distribution said: “I am delighted to announce this new partnership with Principality which endorses our dominant position in the building society sector.
“As experts in this field our success lies in our ability to deliver a fully rounded advice and service model, which offers our partners something unique, incorporating a choice of competitive products, market leading technology, excellent service, plus the strength of the Legal & General brand.”
Stuart Deane, managing director of distribution at Principality added: “Having conducted a thorough review of the market we are delighted to work in partnership with Legal & General, who we are confident will deliver a leading solution that is able to meet the needs of our members.
“As a mutual society, we are fully committed to offering a comprehensive range of services to all our members and customers and making sure these are available where they are needed, on the local high street.”
