Royal London is to re-join the Income Protection Taskforce (IPTF) this month after a year away.
The move takes the total number of IPTF members to 29, including 14 full members, nine associate members and six distribution members, following Covea’s recent decision to join.
Commenting on its return, a spokesperson for Royal London said: “Royal London left the IPTF in 2020 to focus its work with the ABI and other industry groups in continuing to raise awareness and open up access to insurance for customers.
“We’re excited to be re-joining the IPTF to help play our part in encouraging the conversation and educating advisers and consumers about the importance of IP.”
Also commenting on the insurer’s decision to re-join, IPTF co-chair Jo Miller said: “We’re delighted to welcome Royal London back to the IPTF and look forward to its contribution to our future plans at an exciting stage in the organisation’s development.
“It’s important that our work represents the broadest cross section of the industry so as to be as helpful as possible for those who look to us as a source of information about income protection and so it’s great to have Royal London on board.”
According to Swiss Re’s Term and Health Watch published last month, Royal London increased its IP sales by more than 4,000 to 20,590 in 2020 to become the third largest provider in the market.
