View more on these topics

NU takes top slot and Bright Grey wins place

IFAs choose Norwich Union and Legal & General for their top protection multi-ties while Bright Grey has gained adviser recognition despite only being one year old.

NU is placed on 59 per cent of respondents&#39 top four lists, followed by Legal & General with 57 per cent. Friends Provident is third on 41 per cent, with Scottish Provident fourth on 30 per cent. Scottish Equitable is fifth with 21 per cent, Skandia sixth on 19 per cent, Standard Life seventh with 15 per cent and Liverpool Victoria eighth on 15 per cent.

Bright Grey, despite recent admin problems, is placed ninth with 10 per cent. Abbey National is 10th on 7 per cent. Scottish Widows, which sold 213,526 protection policies last year, took less than 7 per cent of the votes in 11th place. Prudential secured only 2 per cent and is placed 15th.

Pru head of protection Paul Cowman says: “It has been a case of out of sight out of mind. We are working to improve pricing and service and this will see us move up the best buy tables so we would expect to see an improvement in next year&#39s poll. We are working with a number of IFAs to build a strong prop-osition that works for them.”

Bright Grey communications manager Mark Locke says: “We have an online quoting service and are looking to improve on that and expand our possibilities in online processing. We are very pleased and hope that next year we will be higher.”

Recommended

Clydesdale&#39s link with Charcol pays off

Charcol is piloting Clydesdale Bank&#39s re-entry into the intermediary market and is hailing the partnership as a success. Two fixed-rate remortgage deals were offered in April at 4.49 per cent and 4.69 per cent and these have now been replaced with rates of 4.89 per cent and 4.99 per cent. Charcol technical director Ray Boulger […]

Investment trusts are banned from stakeholder CTF

Parents opening a stakeholder child trust fund will not be able to use investment trusts but will be allowed to invest in unit trusts. The decision to exclude investment trusts has angered IFAs who believe investors should be able to choose the investments they believe will generate the best returns. Product providers in the CTF […]

Only 27,000 Irish stakeholder sales in first year

Only 27,000 of Ireland&#39s stakeholder-style pensions have been sold in the product&#39s first year even though it allows a 5 per cent bid/offer spread plus a 1 per cent annual charge. Irish consumers are spurning the state-sponsored Personal Retirement Savings Account even though its charging structure is what many life offices see as the solution […]

AAM private equity team to go it alone

Aberdeen Asset Management&#39s private equity team is poised to leave the group, taking £150-200m of fund contracts with them, according to sources. The team &#45 which joined AAM after it acquired Murray Johnstone &#45 is planning to set up its own business, which is likely to include the management contracts it runs for Murray venture […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com