View more on these topics

IFAs returning to friendly societies, says Cirencester Friendly

Cirencester Friendly chief executive Paul Hudson says more IFAs are placing income protection business with friendly societies after realising the benefits for their clients.

Hudson says friendly societies were at the forefront of income protection in the 19th Century and advisers are now starting to realise the benefits of dealing with a long-standing friendly.

Benefits highlighted by Hudson include the mutual structure of a friendly society, clear pricing and a better business focus. Hudson also points out that friendly societies also typically offer cover from the first day of incapacity making their contracts attractive for the self-employed and those with limited financial support from their employers.

He says: “Most friendly societies were established over a hundred years ago and many concentrate on single product lines, so we are committed to and understand the market.”


Class acts

During the last week, I have learned of two initiatives from the usually mundane world of income protection insurance.

Deals for home insurance

Home and contents insurance provider Uinsure has struck distribution deals with Positive Solutions, Tenet, Money Portal, Openwork and Intrinsic.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm