View more on these topics

Intrinsic culls four providers from protection panel


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.”


Artemis Monthly Distribution Fund: positioning and outlook

Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]


Advisers say Friends Life pension freedoms failure was ‘inevitable’

The rapid pace of pension reform made Friends Life’s failure to offer customers access to the new freedoms inevitable, say advisers. Last week, Friends Life wrote to 1,300 customers apologising for its inability to facilitate flexi-access draw­down and uncrystallised funds pension lump sums. It said some of its older products had “complex features” that required […]

Zurich poaches retail head from Cofunds

Zurich has appointed Cofunds senior key account manager Rose St Louis as its head of new retail distribution. St Louis will report to UK intermediary sales director Richard Howells. She joins after two years at Cofunds, and previously held roles at SEI Investment and Praemium. She also spent five years as a financial adviser, before […]


RBS to rehire banker behind ABN Amro deal for share sale

A banker who worked on ill-fated takeover of ABN Amro by Royal Bank of Scotland is set to return to advise RBS on the sale of the Government’s stake in the bank. The Financial Times reports Jim O’Neil is set to be announced as RBS’s corporate broker and privatisation adviser later this month. O’Neil previously […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


News and expert analysis straight to your inbox

Sign up


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.

Leave a comment