Fortis has announced it intends to complete a whole of IFA market roll out for its protection business by the end of this half year.
The provider made the announcement when releasing figures showing its protection business continued to enjoy good progress in the first quarter of 2010 compared to the same period last year. New annual premiums in the first three months of the year rose to £5.5m from £2.9m in 2009. Launched in July 2008, the provider has expanded its availability slowly by making agreements with large IFAs and adviser networks, and says it now covers over 80,000 customers (up from 63,000 in 2009) and currently receives an average of more than 600 applications per day. Its protection arm continued t...
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