SBG said it has seen a growing appetite from advisers to move into the PMI market and increase their range of services to clients. Demand has been particularly strong from advisers wanting to offer individual PMI.
George Higginson, chief executive officer at SBG,said: “We are pleased to be working with leading providers Aviva and PruHealth, who are renowned for their comprehensive and innovative PMI products.
“This market has been dominated by employee benefit consultants, but we believe there is real potential for both corporate and individual PMI to become a growth area for advisers as they seek to enhance their client propositions, which will also create new revenue opportunities for their business.
“In conjunction with our PMI provider partners we are looking to expand this market and we will be offering advisers a full range of technical and practical business development support, which will be delivered both online and through our face to face events.
“This latest development is part of SBG’s commitment to continually enhance our wide range of services, enabling professional advisers to deliver an excellent service to their clients”
SBG’s restricted advice proposition was launched last year as part of the group’s expanded range of offerings for advisers to choose from to help them continue to build their businesses in the RDR world.
It provides advisers and their clients with access to products from leading financial services brands which have been assessed based on their financial strength, long-term strategy, brand reputation, quality of products and customer service.
The providers who are part of SBG’s restricted advice proposition are Aegon, Aviva, Bright Grey, Friends Life, LV=, Partnership, Prudential, PruHealth, PruProtect, Scottish Life and Zurich.