ROYAL & SUN ALLIANCE PRODUCT ANNOUNCEMENT

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We aim to provide you with as much notice as possible of any developments which may affect how you do business with Paymentshield.

As of 26 June 2016, Paymentshield's Home and Landlord products underwritten solely by Royal & Sun Alliance will be closed to new business. Our Home and Landlord products underwritten by our panel of insurers are unaffected.

From this date you'll no longer be able to obtain a quote or submit an application for this product via our website. This also includes any pipeline quotes, which will expire on this date.

Customers who already hold a Home or Landlord insurance policy underwritten solely by Royal & Sun Alliance will be unaffected. We'll continue to service your client's policy and your client can continue their cover with us as normal in accordance with the terms and conditions of their insurance.

Commission rates will be unaffected by this change. For as long as a policy remains active, we'll continue to pay you as normal, in accordance with the terms and conditions set out in your agreement with Paymentshield.

The decision to remove the Royal & Sun Alliance underwritten product has been made to enable us to focus on other products and services including driving further enhanacements to our latest Home and Landlord's cover.

We'd like to thank you for the sales you've made of these products and encourage you to try our Home and our Landlord Insurance underwritten by a panel of the UK's leading insurers.

Alternatively, our Introducers proposition will shortly be available, enabling you to receive a commission for forwarding your referrals into Paymentshield so that we may carry out any sales activity.

To sell these products, or to introduce your customers to us in respect of them, you'll require Credit Broking permissions with the Financial Conduct Authority.

If you'd like to discuss the options available to you, our Intermediary Sales Team are available on 0345 061 5700, lines are open Monday to Friday 9am - 5pm. Alternatively, you can request a callback

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INTERMEDIARY SALES TEAM

For any sales related enquiries call our UK team:

0345 0615 700

Mon to Fri: 9am - 5pm