Legal & General’s specialist business protection team saw 4,913 advisers during 2015, a rise of 40% from 2014, travelling 69,000 miles across the UK to hold 317 events.
Its team also delivered 7,817 Continuous Personal Development (CPD) hours, 20% up on what was achieved in 2014, at seminars, workshops, webinars and training sessions.
Legal & General provides advisers with Chartered Insurance Institute (CII) accredited training to educate them on business protection. Advisers who wish to expand their remit and overall earning potential are recommended to enter the market.
Richard Kateley, head of specialist protection at Legal & General, said: “2015 has been a record year for business protection activity – demand for the CII accredited training and support we offer has significantly increased. We have seen a huge growth in applications received for both business protection policies and relevant life plans, displaying a proactive move into the market.
“This year has started where 2015 left off and we have already booked in full-day workshops across the country for February and March. We are also working with the Personal Finance Society in the second quarter and presenting at its 27 regional conferences, raising awareness of the need for business protection in small and medium-sized enterprises.
“At Legal & General we are committed to constantly supporting advisers and generating new opportunities for development. Business protection is not only a great oppurtunity for them, but it is vital for their small business clients.”