Intrinsic Financial Services has launched a new protection panel for its restricted advisers with immediate effect.
The panel has been chosen following research by Defaqto, CIExpert and F&TRC to analyse every provider's products and their features and benefits.
The providers on the panel are:
- Bright Grey
- Exeter Family Friendly
- Friends Life
- Legal & General
- Old Mutual Wealth
While Legal & General is a new addition, Cirencester Friendly, Zurich, LV= and Shepherd's Friendly have been removed from the panel, a spokesperson confirmed this was as a result of a third party review.
Old Mutual Wealth announced a deal to buy intrinsic in February 2014, and the deal was completed in July 2014.
Richard Freeman, CEO of Intrinsic, said: "Intrinsic sees protection as the bedrock of all good financial advice, and we have an excellent track record of supporting our advisers in the protection market.
"I believe our new protection panel is a genuinely exciting development which will offer real benefits to our customers."
Steve Bryan, director, intermediary division at Legal & General, said: "Intrinsic Group is a hugely important distribution network and we are delighted to be able to work with Intrinsic to develop protection sales.
"Intrinsic's 3000 strong adviser network is the largest in the UK and it's important that those advisers have access to a good range of products in order to drive the best possible customer outcomes."