Scottish Widows eyes IFA protection market return


Scottish Widows is considering re-entering the IFA protection market, possibly in 2014.

The provider is researching a "possible entry strategy" into the individual protection market, though a final decision is understood to be months away. Scottish Widows exited the channel some five years ago, following which its protection retail products were sold exclusively through retail branches of Lloyds Banking Group, which wholly owns the company. The group is also considering launching an enhanced annuity, possibly as early as the first quarter of 2013.

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