Legal & General Mortgage Club has partnered with John Charcol for a sole-tie distribution agreement to provide protection and mortgage payment protection insurance products.

Legal & General believes that this agreement offers the group significant opportunities for expanding distribution and gives John Charcol’s clients access to the UK’s protection provider, Legal & General.

Duncan Crocker, managing director of intermediary distribution at Legal & General, said: Protection advice has never been more important and it is vital that advisers make their clients aware of the pitfalls of not being protected. The credit crunch has also made people focus on what they have got to lose, so protection can help provide valuable peace of mind. Of course, it also means improved revenue streams for the adviser, if they can sell protection alongside a mortgage.

Walter Avrili, product director at John Charcol, added: We are pleased to have signed this agreement as we believe it will offer our clients excellent protection at competitive rates. This is another step in a relationship that has lasted some 20 years and we are looking forward to working closely on product innovation for both insurance and mortgages, with the Legal & General Mortgage Club.