As a result of the partnership, the firms said that brokers will have access to fully comprehensive product and criteria searches for all later life options.
Advisers will be able to check all later life lenders’ criteria before moving into product sourcing, or vice versa.
In addition, advisers will have the opportunity to refer clients to specialists in the sector if they are not qualified to provide advice in a certain part of the later life market.
The move follows the launch last week of a new version of the Air Sourcing platform for later life advisers.
Stuart Wilson (pictured), chief executive officer of Air Group, said the firms shared a joint ambition to “deliver the very best tools and technology integration”, and emphasised that the partnership would bring “a huge variety of benefits to our mutual member firms”.
Nicola Firth, chief executive officer and founder of Knowledge Bank, added: “We have worked closely with Stuart and his team to ensure that every aspect has been considered from the adviser’s point of view and with our collective experience in the market, we are confident this will be, without doubt, the platform of choice for advisers in the later life lending sector.”
