Access FS rolls out new GI proposition to advisers

Access Financial Services is unveiling an updated general insurance (GI) proposition.

The new expanded proposition, which is now live, is being launched with support and training for advisers with internal guidance and compliance feedback.

The mortgage and protection brokerage says the enhanced proposition is designed to support better customer outcomes, meet regulatory expectations and create new commercial opportunities for advisers.

Access FS is implementing new procedures to support the refreshed GI proposition. For instance, advisers are being encouraged to use an optional GI checklist to support documentation quality and ensure the process remains robust.

The enhanced GI proposition also aims to provides clients with greater choice and flexibility, ensuring their insurance needs are met with tailored solutions from a panel of providers. Alongside the introduction of fresh procedures, Access FS is also adding LV=, Paymentshield and Uinsure to its GI panel.

Karl Wilkinson (pictured), founder and chief executive of Access FS, said: “Our updated proposition will create a more compliant and commercially viable framework that helps our advisers increase revenue through GI recommendations, while managing regulatory red tape and reducing unnecessary administrative burdens. General insurance remains an under-utilised opportunity, and our refreshed proposition will make it easier for advisers to embed it into their advice process confidently. It’s great news for the Access FS team.

“A key part of the update is the freedom given to advisers to use any of the firm’s approved platforms – including LV=, Uinsure, The source and Paymentshield. As such, this supports a customer-first approach, enabling advisers to select the most suitable platform for each customer’s needs, while still adhering to a consistent and compliant process. 

"Clients will benefit from competitive products that align with their specific requirements, whether for home, contents, or other general insurance needs. By enhancing our GI offering with top-tier providers, we’re empowering our clients with access to a broader range of high-quality insurance products. 

"But this comprehensive approach will not only enhance customers’ financial security through access to high-quality, well-suited insurance options – it will also strengthens our brokers’ relationship with clients. This is a flexible, structured approach to recommending insurance products.”