Life company Legal & General has suspended its relationship with third party MorganAsh after a cyber incident at the firm risked exposing client’s medical data, Professional Adviser can reveal.
L&G uses financial services support company MorganAsh to collect information to support the quote application process for medically underwritten lifetime annuities and its Lifetime Care Plan product. Upon hearing of the security breach at MorganAsh, L&G launched an investigation involving both internal and external IT experts. Though it found no evidence that its customer data was compromised, L&G suspended the use of MorganAsh's services for new business quotes as a precaution until its investigation is concluded. L&G retail retirement income managing director Emma Byron said: "We...
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