Scottish Provident and Bright Grey are changing branding to Royal London

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Bright Grey has been a sub-brand of Royal London for some time, and is now being fully rebranded under the parent brand.

Opinion: Bright Grey has been a pretty good protection provider, historically with competitive rates for life insurance, Critical illness cover, and income protection. Also was an early provider of “relevant life”  life cover for small businesses and sole traders, as well as  mainstreambusiness protection.



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Likewise, Scottish Provident has been part of the Royal London group for some years now, and that brand is also going with effect from today, December 1st 2015, and replaced by Royal London’s.

Opinion: Scot Prov was a popular provider of protection, and years ago even provided some personal pension contracts. It’s most famous product was probably its “Pegasus” Whole of Life cover, which sold well as its early premiums (always reviewable) were low. However, as many are now finding, the trouble with reviewable premium WOL policies is they start to go up at an alarming rate as you get older. I have seen many forced to ditch the policies in later life as the premiums become unaffordable. It pays to look at guaranteed rate WOL policies, if indeed WOL is what you really want (in my opinion its main use is within IHT and estate planning). A good talk with a good adviser often sorts out the best way to go when face with this situation.

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