Scottish Widows eyes protection market return

The insurer, which is part of Lloyds Banking Group, said it was researching an entry strategy for the IFA protection market. Scottish Widows is one of the country's largest providers of protection products, but it sells them exclusively through its parent company, Lloyds Banking Group. According to data from reinsurer Swiss Re, the provider is the biggest seller of critical illness policies in the UK and among the top five for income protection. It made the announcement as part of an update to its intermediary strategy that confirmed it was also re-entering the advised annuity mark...