Legal & General and First Trust Bank has agreed a ‘long term’ joint distribution agreement for a range of life insurance, investment and pension products.
Under the agreement First Trust’s financial consultants will sell Legal & General products throughout their branch network on an appointed representative basis, using Legal & General’s RDR model for Banks and Building Societies.
Part of AIB Group (UK) p.l.c., First Trust Bank is part of the AIB Group (UK) and has 48 branches across Northern Ireland.
“This long term partnership will give First Trust Bank’s customers access to our broad range of competitive, value for money products,” said Chris Last, managing director, Legal & General Bank & Building Society Distribution.
“Continuing to provide financial advice to banking customers in a post RDR world is an important part of our distribution strategy and we are very pleased that First Trust Bank has selected Legal & General to be their partner. ”
Brian Hunter, head of financial services, First Trust Bank, added: “We are delighted to announce this new partnership with Legal & General who are a well known brand with an excellent reputation.
“We remain committed to offering financial advice to our customers as we know this is important to them. Our customers will now benefit from a range of competitive and accessible products combined with first class service.”