Iress has added Scottish Widows’ new Income Protection (IP) product to The Exchange, its quote and apply platform for intermediaries.

Scottish Widows’ new IP product is in addition to its existing Term, Multi-Benefit and Mortgage Protection products on The Exchange.

The Exchange allows brokers to compare and source various insurance products, including life insurance, critical illness cover, and income protection, from multiple providers.

“extensive distribution network”

Jacqui Durbin, Iress’s global head of product for sourcing, said: “As long-standing partners of Scottish Widows, we’re delighted to support its launch into the Income Protection space through our extensive distribution network on The Exchange.

“It also supports our commitment to offering the broadest range of products to brokers and advisers.”

Rose St Louis, Scottish Widows’ protection director, added: “Our goal is to help people to be better prepared financially if they were not able to work.

“Our new IP product is the next step on our mission to help people build their financial resilience and make it easier for advisers to serve more of their customers’ needs with a streamlined process and slicker experience through tech partners like Iress.”