Barclays launches advice-free PTA

The bank will offer £50 to the first 1,000 people who purchase the cover and who were accepted for cheaper like-for-like cover elsewhere. Chris Carter, head of retail life and protection for Barclays Insurance, says the product aims to make it easy for consumers to buy simple, cost effective cover. The online process involves answering eight questions and the consumer will be on cover as soon as they hit the ‘submit’ button. Mick James, protection marketing manager at Standard Life, which provides Barclays Insurance, says the lack of advice will not present problems for consumers in t...