Life and Protection: Intermediary Focus - UK - October 2011
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“In recent years, the life and protection markets have been given a boost due to the increasing number of IFAs conducting life insurance, critical illness and income protection business. However, there are contrasting opinions regarding future prospects. On the one hand the RDR is expected to reduce the overall number of intermediary firms, yet the proportion of IFAs advising on life and protection products should increase. As a result, it is difficult to foresee which of these factors will have a bigger influence on future business and intermediary prospects.”
– Stevan Obradovic, Financial Services Analyst
Some questions answered in the report include:
Can providers and intermediaries remarket life and protection products in order to change sonsumer attitudes?
How can intermediaries and providers deal with consumer scepticism?
What does uncertainty in the advisory landscape mean for life and protection sales?
Are direct sales a threat to intermediated distribution of life and protection products?
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