Scottish Widows confirms re-entry into IFA market

Carmen Reichman

Provider Scottish Widows has confirmed it will be re-entering the IFA market with protection products next year.

The firm will initially offer only life and critical illness products but is considering releasing a wider range down the line, a spokesman said. The company announced in February last year it was mulling a re-entry but it is still in discussions about the specifics of the products, he said. Scottish Widows' protection products are currently only sold via parent company Lloyds Banking Group's bancassurance arm after they were withdrawn from the advice space following a review in 2007. The company's protection market director, Richard Jones, said at the time "market conditions and o...

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