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Independent pulls back from launching life office

Independent Insurance is shelving its plans to set up a life office. The general insurer was expected to launch into the life and pensions market through the IFA channel next summer.


The firm is blaming the downturn in the stock market for its reluctance to press ahead with its plans.


But it is understood to have lost its financial backer. The firm has not ruled out looking for an alternative backer.

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