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Edwards in pledge to keep dual brands

Bright Grey and Scottish Provident propositions director Roger Edwards says that both the Royal London intermediary protection brands will be retained following a management merger.

A management team of five was set up in April, overseeing the Bright Grey and Scottish Provident brands.

Edwards refutes market speculation that Bright Grey is set to become the insurer’s consumer-facing brand following the launch of an internet-based product in March, with Scottish Provident becoming the intermediary brand.

He says: “It is not true. Both brands are going to continue. The IFA market is big enough for multiple brands and multiple propositions.”

Edwards says that Bright Grey deals mainly with protection specialist advisers and mortgage brokers whereas Scottish Provident caters more to IFAs servicing high-net-worth clients.

He says: “We are going to be making some fairly strong marketing statements over the next few months highlighting the fact that the two brands are here to stay and both brands can support IFA propositions.”

But Highclere Financial Services partner Alan Lakey says: “I do not see a long-term future in having two companies effectively vying for the same business. This is particularly true now that they are sharing a common management structure.”


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Over recent months, much has been made of the review done by Lord Turner with regard to the banking industry. However, just on the horizon is the publication of the review of the state of corporate governance within the financial services industry by Sir David Walker.

Bright Grey enhances IP plan

Bright Grey has enhanced its income protection plan to include a rehabilitation service provided by Health and Case Management Limited.

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


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