Legal & General has boosted it business protection training programme for advisers after seeing record growth in the market last year.
The group’s figures show that 4,913 advisers got involved during 2015, an increase of 40 per cent from 2014.
It also delivered 7,800 CPD hours through a combination of seminars, workshops, webinars and training sessions, up by 20 per cent from 2014.
The company provides advisers with Chartered Insurance Institute-accredited training to educate them on business protection.
Richard Kateley, head of specialist protection at L&G, said they saw huge growth in applications received for both business protection policies and relevant life plans, displaying a proactive move into the market.
He said: “This year has started where 2015 left off and we have already booked in full-day workshops across the country for February and March.”
L&G is also working with the Personal Finance Society in the second quarter of this year in a bid to raise awareness of the need for business protection in small and medium size enterprises.
“We are committed to constantly supporting advisers and generating new opportunities for development,” Mr Kateley added. “Business protection is not only a great opportunity for them, but it is vital for their small business clients.”
Yesterday (25 January) Aviva shook up the business protection market with the launch of the first relevant life plan with critical illness cover included.