Scottish Widows drops protection portal quotes

Richard Jones, the firm’s protection market director, says “market conditions and our current protection focus” meant the move made “economic sense”. The firm, which says the move may not necessarily be permanent, will now focus its distribution through Lloyds TSB bank. Earlier, Standard Life announced it is withdrawing from the UK protection arena, saying a “fiercely competitive” pricing market and other factors had rendered its proposition non-profit making. Previously, Scottish Widows provided the electronic quotations through six industry portals, including The Exchange, Assureweb...