View more on these topics

Major protection advisers form industry lobby group


Major protection advice firms have come together to form the first group of its kind to lobby for change in the protection market and drive better consumer outcomes.

There are 10 founding members of the Protection Distributors Group, thought to be the only working group or industry body made up of purely protection advisers.

It aims to be a formal voice representing protection distribution. It will lobby insurers for better customer outcomes, pot forward positive suggestions for reform and seek to raise the profile of protection overall.

The group will also liaise with industry bodies where appropriate.

For the first year the group will be chaired by LifeSearch head of customer care Emma Thomson, with decisions made on a majority rule basis. No member fees will apply in the first year.

The 10 members of the group are: Assured Futures, Drewberry Insurance, Futureproof, Highclere Financial Services, LifeSearch, Lightblue, London & Country, Master Adviser, Roxburgh Financial Management and Vita.

Other protection advisers based in the UK are also welcome to apply to join the group.



Sipp firms impose property managers on savers

Standard Life and James Hay are imposing strict rules, including compulsory property managers, on customers who hold property within a Sipp. The providers require a property manager to be involved even if the Sipp member is also the tenant. A Standard Life spokeswoman says customers must use DTZ, Lambert Smith Hampton or CBRE as manager. […]

Profile: Jonothan McColgan on award wins and the FCA’s drive towards robo-advice

Winning three trophies at this year’s Unbiased media awards is serious business for Jonothan McColgan. In fact, his livelihood depends on it. As the owner of small advice firm Combined Financial Strategies, McColgan cannot compete with the marketing budgets of bigger firms. He has had to find other ways to attract clients, so winning industry awards has become […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment