Currently operating under the name ‘Protection Distributors Group – A force for good in Protection’, the body of 10 intermediary firms plans to put forward suggestions for positive change in the sector and to lobby insurers for better outcomes, with decisions made on a majority rules basis.
The 10 founding members of the group are Assured Futures, Drewberry, Futureproof, Highclere, LifeSearch, Lightblue, London & Country, Master Adviser, Roxburgh and Vita.
Group member Barry Pappin of Vita, said one of the group’s key objectives is to create “a unified force representing the interests of clients to ultimately produce better outcomes for consumers”.
The group will also focus on raising the positive profile of protection insurance and liaise with appropriate industry bodies. It will be chaired for the first year by LifeSearch head of customer care Emma Thomson, on an honorary basis.
Damian O’Connor of Roxburgh, said: “We want to do as much as we can to develop and promote initiatives that further improve the protection market for consumers, enabling more people to have the quality protection they need for themselves and their families.”
Any protection distribution firms in the UK are welcome to apply to join the group and there are no fees for the first year.