View more on these topics

Skandia looks at return to critical illness cover market

Skandia is considering re-entering the critical-illness insurance market almost 18 months after pulling out of the sector.

The company, which offers a life product called Skandia Protect, says it is looking at launching a new life with cri- tical-illness bolt-on product in the next 12 months.

In July 2010, Skandia said it was pulling its CI products from September of that year.

Marketing director Nick Dixon says: “We look at what advisers and their clients want and launching a life and critical-illness product is one of the things on the radar. It is not something that is imminent or definite but it is on a list of several other things that are being given equal consideration.”

Earlier this month, Scottish Widows revealed it is planning to re-enter the IFA protection sector with a life and critical-illness plan.

Highclere Financial Services partner Alan Lakey says: “If you go back 10 years, Skandia was pretty much the market leader in critical illness so I think it has got to come back with something that is either the best in its class or unique compared with its rivals.”

Master Advisers senior partner Roy McLoughlin says: “There are not enough companies in the critical-illness sector, so healthy competition is to be encouraged.”



FundsNetwork seals Barclays Stockbrokers tie-up

Barclays Stockbrokers has appointed Fidelity FundsNetwork as its exclusive fund platform. The deal will see FundsNetwork work with Barclays to launch its enhanced mutual funds via its existing Funds Market platform and will cover all future fund business placed by Barclays Stockbrokers clients. FundsNetwork head David White says: “Providing institutional services is a big growth […]

‘Advisers could not carry out IIM diligence before signing Towry contract’

Edward Jones advisers were not able to carry out due diligence on Towry’s independent investment management service before they signed Towry employment contracts, a former Edward Jones adviser has claimed. James Chandler was one of the seven advisers against whom Towry brought its High Court case alleging breaches of non-solicitation clauses. Chandler says Towry assumed […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment