A PENRITH based insurance company is launching an online life policy comparison website.

Investment Discounts Online has been running for 15 years and as well as comparecover.com is now also creating a website called auctionmyannuity.com, which which is designed to cater for new pension freedoms legislation being introduced in April 2017 that allows people who have previously purchased an annuity to sell it for a cash sum.

Customers who save money on the comparison site are being invited to donate the sum to the company’s partner charity Animal Rescue Cumbria.

Business development director Mike Preston said: “We have been working hard on developing these new brands for some time and as a result, are delighted to be creating a range of employment opportunities across all our team, from IT developers and customer support, to accountants and administrators.

“As an operation with strong connections to Penrith and the surrounding area, we are keen to stay in the area and share the benefits of the growth we have achieved, as well as any future development, with the community. We are keen to find premises big enough to house our current 25 strong team but need much more space to allow for further growth over the next year or so.”