'John Lewis term assurance may fail Tcf'

The comments come after Friends Provident announced it will offer life assurance policies through John Lewis’ direct services company, Greenbee, from 2007. The provider’s term assurance will be available through Greenbee’s online service, by phone and through a bi-monthly magazine called Source, which will be distributed through John Lewis department stores and Waitrose. Simon Clamp, marketing and UK distribution managing director at Friends Provident, says Greenbee is intending to distribute the product on an execution-only basis. In light of criticisms about non-advised sales of protec...