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Intrinsic culls four providers from protection panel

Richard_Freeman_Intrinsic

Old Mutual-owned advice network Intrinsic has culled four providers from its protection panel following an independent third party review.

The providers who have been removed are Zurich, LV=, Cirencester Friendly and Shepherds Friendly, while Legal & General has been added to the panel.

Aegon, Bright Grey, Exeter Family Friendly, Friends Life, Old Mutual Wealth and Vitality have also been retained by Intrinsic.

The panel has been refreshed following research from three independent firms – Defaqto, CIExpert and F&TRC – on each provider’s products, features and benefits. An Intrinsic spokesman was unable to provide further details as to why the four providers have been removed.

Intrinsic chief executive Richard Freeman says: “Intrinsic sees protection as the bedrock of all good financial advice, and we have an excellent track record of supporting our advisers in the protection market.

“I believe our new protection panel is a genuinely exciting development which will offer real benefits to our customers.”

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Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. This article seems of little use without specific reasons why

  2. Simon Goldthorpe 16th June 2015 at 11:51 am

    Perhaps the providers who have been removed have a view?

  3. I’ve just used L&G for a protection product. Service is appalling.

  4. Yes, was unsure why the simple addition of L&G would be so brilliant as to make the new panel a genuinely exciting development which will offer real benefits to our customers”, whilst removing Zurich, LV=, Cirencester Friendly and Shepherds Friendly.

    Sounds similar to companies who announce staff reductions “to improve customer service” !

  5. Financial Services Marketer 16th June 2015 at 3:49 pm

    ‘Cull’ is a rather strange choice of words. I work for one of the ‘culled’ providers myself and would have liked more context (in the press release) explaining the reasons why.

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