Stonebridge has launched new functionality in its wholly-owned trading platform Revolution that will help advisers ensure clients are putting in place adequate protection.

The new system will either help advisers write the policy themselves or by referring clients to a protection specialist.

In addition, it deals with the confirmation process should clients decline cover. 

For every referral made to Stonebridge Protect that converts to a policy, a proportion of the commission will be paid to the member firm, with primary customer ownership remaining with the originating mortgage adviser.

The launch is being supported by a new campaign that will focus on supporting advisers to ensure they have a protection conversation with every client.

Stonebridge chief executive Rob Clifford says: “The soon-to-be-published Consumer Duty rules are likely to focus on ensuring advisers are doing the right thing for their clients – every time. It will impose higher expectations for the standards of care mortgage and protection advisers provide to their clients, and we expect that part of this will be to ensure protection is clearly offered.”