Friends Provident is considering re-entering the group life market by the end of the year, according to its head of protection marketing Ian Jefferies.
The firm withdrew from the market just before A-Day because it felt the pensions regulations added complexity to group life products. Now the regulations have settled down, Jefferies says the life insurer is looking to re-enter the market by the end of the year. In addition, the firm plans to extend its online underwriting system - eSelect Protection - for life policies and critical illness cover to income protection (IP) by the fourth quarter of this year. Jefferies says its current system enables consumers to get on risk as quickly as possible, and he believes the benefits should ho...
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