SBG launches group risk offering

Group life, group critical illness and group income protection products from Aviva, Friends Life and Zurich have now been made available to SBG’s restricted advisers.

In response to the RDR, the company launched its restricted advice proposition last year as part of its expanded range of offerings for advisers to choose from.

Providers that form part of SBG’s restricted advice proposition are Aegon UK, Aviva, Bright Grey, Friends Life, LV=, Partnership, Prudential, Scottish Life and Zurich.

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George Higginson, chief executive of SBG, said: “Advisers are telling us that the group risk market is becoming more important to them as they look to broaden their offerings to customers.

“After analysing the market, we are very pleased to be partnering with three of the leading group risk providers that were chosen based on the quality and breadth of their products.”

Adviser verdict

Roy McLoughlin, senior partner at London-based Master Adviser, said: “Anything that the insurance companies can do to help a member of a network sell or advise is good, although I would hope that the members realise that other products from other companies could be better in certain circumstances.”