|
|
Article: Widows Bank reviews release after losing Saga deal.(Scottish Widows Bank)(Brief article)
- Article from:
- Money Marketing
- Article date:
- November 30, 2006
CopyrightCOPYRIGHT 2006 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Scottish Widows Bank is reviewing its equity-release business model after losing an exclusive deal to supply Saga.
Saga has signed up with Just Retirement's multi-tie arm Just Retirement Solutions but Widows will be on JRS's Saga panel, which started operating this week.
Widows says the major factor behind losing the #40m Saga deal is because Saga wants to sell advised products and its exclusive deal was on a non-advised basis.
Widows is also considering joining Safe Home Income Plans after coming under increasing pressure from the industry to join to provide extra consumer protection, particularly after it was ordered by the FSA in ...