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MetLife set for major push into protection

MetLife is looking to bring out life insurance, critical-illness cover and income protection as part of a major push in the protection market.

The annuity specialist currently offers payment protection insurance through Citigroup branches in the UK and some areas of Europe but it wants to bulk up its protection range through a number of direct distribution deals.

Managing director Colin Moody says: “Our plan is to build up our presence in the protection markets in the UK as well as in Europe. We want to offer a full range of protection products and we plan to do this by building up our client base and investing in these relationships. We are in decent talks with half a dozen firms, all of which have significant distribution.”

CBK Colchester principal Peter Chadborn says: “Any new entrant has got to be welcomed because it shakes up the market but it will be interesting to see whether this is the beginning of a trend where providers go the direct route. As an IFA, I believe this is inferior.”


ABI lobbies Lords to back amendment

The Association of British Insurers is urging the House of Lords to support amendments to the Pensions Bill to ensure existing schemes are not forced to accommodate personal accounts’ more limited earnings’ band.

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


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