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Stonebridge pledges further growth after busy year

by: Carmen Reichman
  • 03/02/2017
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Stonebridge pledges further growth after busy year
Mortgage and insurance network Stonebridge has pledged to continue growing its business after a busy 2016, with plans to make enhancements for advisers and develop its proposition.

Director of business partnerships Paul Nye (pictured) said the firm planned to form relationships with new lenders, launch more products and pilot new criteria around interest-only and new-build offerings after a positive 2016, which had seen growth across the business.

Figures out last month showed Stonebridge had grown across the board, with mortgage completions up 53% to £4.2bn; life business up 56% and general insurance up 37.5% to £731,000.

In addition, the network had seen a 20% increase in appointed representatives (AR), from 200 to 251 firms, with a total of 500 advisers.

Speaking at its annual conference on Monday in Nottingham Nye said: “Although we were very pleased with our 2016 growth, our focus is on delivering even greater support to our AR membership throughout 2017, across all business areas.

“Our mortgage proposition aims to provide advisers with maximum choice for their clients and real competitive edge. This includes access to exclusive products and to lenders with restricted distribution and we expect to build on these in the coming months.”

He added: “Overall, our aim in 2017 is to continue with our key USPs which means focusing on mortgage and protection, ensuring we remain low-risk and have a keen eye on cost control, whilst developing the support required by our firms to help them produce strong quality and significant business volumes.”

Nye also announced that two new providers would soon be joining the network’s protection panel and that the firm’s ongoing partnership with L&G would see a number of enhancements in quarter two.

Finally, the network plans to create greater efficiency by upgrading its software, including integrating I-pipeline’s Solution Builder protection portal and Xplan, the new online version of Trigold’s system.

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