Skandia has announced it is cutting prices across its protection range by an average of 17.5% as well as making a number of product enhancements.
The new pricing structure on Skandia Protect comes into force in February but the firm says it is not its intention to be the cheapest provider in the market, "but to offer quality products that are good value". Skandia Protect is Skandia's range of life and critical illness products that enables advisers to mix and match types and levels of cover under one plan. Among the product enhancements, Skandia has added three critical illness conditions, taking the number of illnesses covered above 30. Elsewhere, it says it is improving its definitions, beyond benchmarks set by the ABI, to ma...
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