Just last week I wrote in these very pages that the UK protection industry might, just might, soon end up with just a handful of serious product providers in the market.
With the news Aegon is considering pulling out of the market we could face a situation where seven becomes two - and that may not be the end of it. With Friends Provident and Axa (and Aegon?) falling under Resolution's wing, and Scottish Provident, Bright Grey, Royal Liver (and Liverpool Victoria?) thought to be in talks with each other, we could quickly see what once was seven providers become just two, no doubt with further changes on the horizon. But why now? Why all this activity when the economy is stuffed? It's not as if intermediaries and the wider industry aren't already tied...
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