The Protection Distributors Group (PDG) has attracted an undisclosed sum in financial sponsorship from Panacea Adviser.
The UK fintech joins CIExpert, IPipeline, Iress, NMG Consulting, Protection Guru, Square Health and UnderwriteMe as sponsors supporting PDG operations as well as helping it meets its goals of growing the protection market and developing relevant initiatives that aim to have a positive impact on consumers who purchase protection products.
Sarah Paul, chief operating officer of Panacea Adviser, said: “As interest in our partner’s protection products and supporting content continues to grow amongst our community, becoming part of the Protection Distributors Group is a logical step for Panacea.
“The experience and knowledge that the PDG can provide will add strength, depth and variety to Panacea’s free to use IFA community proposition and we look forward to working with them closely over the coming months. All of which can be used to enhance adviser business operations which in turn can improve client outcomes.”
Neil McCarthy, chairman of the PDG (pictured), added: “We are delighted to receive sponsorship support from Panacea and look forward to working with them to encourage better protection understanding amongst the broader adviser community.
“While the PDG Claims Charter, outlining what we feel is an industry wide minimum best practice to help clients, and the Funeral Payment Pledge, are our best known initiatives, we are working on a number of proposals to improve standards in policy retention, trusts, and distribution transparency.”