The Special Risks Bureau (SRB) has announced a new panel member. Lincoln Financial Group will be joining Friends Provident, Liverpool Victoria, Lutine, Norwich Union, PAFS and Standard Life on the Special Risks Bureau panel.

All panel members use the SRB application form to assess cases for underwriting and they all receive the same medical evidence; the costs of which are shared. This cuts down unnecessary duplication which is currently costing the industry in excess of £90m a year.

Mike Owen, Managing Director of the Special Risks Bureau commented: “We are delighted to announce a new panel member particularly one that brings us a competitive whole of life protection product. We are often asked for this type of protection and now we are able to satisfy that demand. Lincoln Financial Group is very keen to establish itself within the adviser community and we hope to help them communicate with a far wider adviser marketplace.”

Brian Sceats, Head of Marketing & Communications at Lincoln, commented: “With our Financial Foundations product, Lincoln is dedicated to providing our clients with an efficient and easy to administer multi-benefit whole-of-life policy.  Being part of the Special Risks Bureau panel will allow us to handle applications more efficiently which have hitherto, been traditionally complex to administer. 

“This will free-up valuable time for IFAs, allowing them to spend longer with clients to ensure they are recommending the most appropriate and affordable protection plan.  Special Risks Bureau is a market leader in the provision of complex life assurance and we are delighted to be working with them.”