The appointment brings together Standard Life’s range of life assurance and critical illness products with Paymentshield’s distribution strength.
Paymentshield’s traditional strength in providing financial solutions to advisers and customers involved in the home buying process will be complemented by the availability of Standard Life’s full range of protection products meaning intermediaries who join the Paymentshield Protection Club will be able to meet not only the mortgage protection needs of their customers but their broader family protection needs also.
Members of the Paymentshield Protection Club will use Standard Life’s highly rated Protection Online system to place business with the insurer, ensuring that applications are processed swiftly and efficiently. Protection Online from Standard Life is one of only five providers’ systems given the highest ‘eee’ rating by the Financial Technology Research Centre (FTRC) in its 2005 e-commerce excellence ratings for individual protection.
Nathan Parnaby, managing director sales at Standard Life said: “This arrangement with Paymentshield is an important strategic relationship in the diversification of our distribution and our move to offer our products to an ever wider audience. Paymentshield’s traditional strength in the housing market coupled with Standard Life’s reputation for delivering excellent value products and first class service make this arrangement a perfect fit.”
