The
British bank, Barclays, has decided to take
advantage of recent changes in the legislation
governing bancassurance, to sign life insurance
distribution agreements with several major insurance
companies, thereby putting an end to the current
exclusive distribution agreement with the insurer
Legal & General.
Barclays intends to offer shortly to its customers
a range of life insurance and pension products
from Axa, Friends Provident, Legal & General,
Norwich Union, Prudential and Standard Life.
