IFA  

Insurer re-launches advice arm

Insurer re-launches advice arm

Bristol-based insurer National Friendly has re-launched its telephone-based advice service with plans to target an older demographic. 

National Friendly Financial Solutions first launched as a subsidiary of the mutual society more than ten years ago, advising on pensions and retirement planning, investment planning and savings, trust and estate planning and protection. 

The business also offers a non-advised product comparison service, for which there is no-upfront cost for the client but rather National Friendly Financial Solutions is paid commission from the provider. 

As a wider group National Friendly is focused on the over 50s market and Wayne Carter, head of sales and marketing at the insurer, said there was a gap in the market for a specialist adviser with a focus on an older age demographic.

Mr Carter added: "For some, this is not a glamorous market sector, but for us, it is very important and supporting the market fits perfectly with our heritage."

Rob Saunders, business development manager at National Friendly Financial Solutions, said: "Following our rebrand and relaunch, we are looking forward to growing the business and we believe that recent shocks to the market illustrate how important it is to always have an up to date and effective financial plan, especially for those approaching retirement."

rachel.mortimer@ft.com 

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