Jump to homepage
Jump to accessibility information page
Jump to main menu link
Jump to sub menu links
Jump to page content
Important note:
The information in this Media section is intended for use by journalists only and customers should not use it to make financial decisions. Please remember that information in past press releases may no longer be current.
The information in this Media section is intended for use by journalists only and customers should not use it to make financial decisions. Please remember that information in past press releases may no longer be current.
RSS news feed
News
13 January 2010
Friends Provident launches new Trust toolkit and online seminars
Friends Provident has launched a new trust toolkit to help advisers ensure that trusts are high on the agenda for their customers to consider. The new toolkit, launched today, gives advisers access to a variety of tools, tips and techniques to enhance their trust-selling skills.
As part of the toolkit, advisers can access three pre-recorded online seminars and download a range of support material. The seminars focus on the current trust market place and explain how to set up trusts as well as outlining the benefits for both advisers and clients.
Advisers wanting to view these should visit the trust toolkit on the adviser website.
Ed Stuart-Brown, head of protection sales, said:
“Our previous toolkits have been a great success and have helped to bring all sales support material together in one place for the adviser. Trusts offer important benefits to advisers by reducing lapse rates, improving retention, and generating referral opportunities.
“A recent study commissioned by Friends Provident showed that nearly 40% of people who had life cover did not know what a trust was. The proper use of a trust ensures that the policy pays the benefits to the clients loved ones, with the trust allowing for the payment of the proceeds to be made speedily. The right money, to the right people at the right time. They are an undersold feature of Life Cover and Life or Earlier Critical Illness plans, but by providing advisers with more bite-sized chunks of support, they will have the tools to help ensure their clients are able to make well-informed decisions about trusts.”
- Ends -
Journalists requiring further information should contact:
Lorna Wiltshire, Friends Provident - 0845 641 7836
Keith Nolan, Friends Provident - 0845 641 7835
Ref: K003
Notes to Editors
About Friends Provident:
Friends Provident Group Limited was originally founded in 1832 to alleviate the hardship of Quaker families facing misfortune. Friends Provident's strategy today is to operate in markets where it can deploy its award-winning strengths in technology and service to gain competitive advantage. Since its demutualisation in 2001, the company has developed strong offerings in pensions and protection to complement its historic With Profits business, and now prioritises international growth. Friends Provident is fully committed to the principles of the FSA initiative ‘Treating Customers Fairly’.
Friends Provident distributes its products through intermediaries in the UK and around the world. Its key business lines in the UK are protection and corporate pensions. Friends Provident International develops competitive savings, investment and pensions products for a broad and diverse range of markets including Hong Kong, the United Arab Emirates and Germany.
Friends Provident wholly owns the Luxembourg-based company Lombard, a leading pan-European life assurance company which specialises in the use of life assurance as a wealth management solution for high net-worth investors, and Sesame Bankhall Group, a leading UK supplier of intermediary support services to financial advisers providing services to over 7,500 financial advisers across the UK offering life assurance, mortgages and savings arrangements.
About Friends Provident Protection Business:
Friends Provident has been writing term assurance since the company’s foundation in 1832 and income protection business since 1882.
Our award winning eSelect system offers online underwriting for term assurance, critical illness, income protection and waiver of premium, capable of accepting on ordinary rates or with special terms. The majority of Friends Provident’s new protection business is transacted online. This process allows end-to-end online electronic processing and account servicing ranging from new business quotations to new business tracking.
For more information on Friends Provident including, images, awards, fast facts, presentations, and media contacts please visit the media section at www.friendsprovident.com/media
Important
- This news service is for information purposes only and does not provide any form of advice, recommendation or financial promotion. Any opinions expressed by third parties are those of the third party concerned and not of Friends Provident. Friends Provident does not accept liability for any errors or omissions or for loss incurred because of reliance on information or opinions given.
- The content of the news items set out above are accurate only as of the date of issue and Friends Provident does not undertake any obligation to update them.