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.”