Scottish Widows has launched a new income protection product via Iress’ platform.
- This product is added to The Exchange, enhancing options for intermediaries.
- Jacqui Durbin highlights the longstanding partnership between Iress and Scottish Widows.
- Rose St Louis emphasises financial resilience for customers through this new offering.
- The product aims to make service processes more streamlined for advisors.
Scottish Widows has expanded its income protection offerings by launching a new product available on Iress’ The Exchange platform. This addition aims to bolster the range of options available to intermediaries, serving as a valuable tool for financial advisors seeking to provide comprehensive protection solutions to their clients.
The new income protection product is integrated into The Exchange, a platform designed to facilitate the application and quoting process for intermediaries. This integration marks a significant extension of Scottish Widows’ product suite, which already includes term, multi-benefit, and mortgage protection offerings.
Jacqui Durbin, the global head of product for sourcing at Iress, expressed her satisfaction with the ongoing collaboration between Iress and Scottish Widows. She remarked that supporting Scottish Widows in entering the income protection market underscores Iress’ commitment to providing a diverse array of products to brokers and advisors.
Rose St Louis, the protection director at Scottish Widows, underscored the company’s mission to enhance financial preparedness for individuals in the event they are unable to work. Emphasising this goal, she noted that the introduction of the new income protection product is a pivotal step towards strengthening customers’ financial resilience, while also offering a more efficient service delivery for advisors through the use of technology.
The initiative undertaken by Scottish Widows reflects a forward-thinking approach to addressing the increasing demand for income protection solutions. By leveraging technology platforms like Iress, the company is able to streamline processes and offer a more seamless experience for both advisors and clients.
Scottish Widows’ new product marks a strategic enhancement of its income protection offerings, aligning with its goal of supporting financial resilience.
