Paradigm Mortgage Services, the mortgage services proposition, has reported a significant increase in the amount of general insurance cases it has placed through Select & Protect in the first months of 2013.
Paradigm says the upturn – which equates to a 700% rise in the first five months of this year compared to the final five months of 2012 – is evidence not just of an increase of its own presence in the protection space, but indicative of a wider trend of brokers looking to diversify their income streams in the post-RDR landscape.
Paradigm has long advocated advisers widen their product offering and offers firms a referral service in addition to the opportunity to utilise S&P’s products directly. It believes advisory firms can not only improve their bottom lines but ensure their clients are provided with a more comprehensive service.
Member firms of Paradigm benefit from strong commercial terms with S&P which are believed to be the best in the marketplace.
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