Amount of IP sales from mortgage brokers overtakes new IFA business
iPipeline has today announced that Q4 2018 was its ‘record quarter', showing year-on-year business growth of 21%. During 2018, £77bn worth of life cover and £19bn worth of critical illness cover was sourced through iPipeline. Protection business from mortgage brokers increased significantly, with the volume of new income protection (IP) and new short-term income protection with critical illness business written by them overtaking that of independent financial advisers (IFAs) during the second part of 2018. IP sales increased 85% year on year during Q4 and half of IP business was fr...
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