the life industry has seen much consolidation in recent years yet the offshore and cross-border market seem to have bucked the trend and enjoyed rapid growth
In recent years there has been considerable consolidation in the life assurance industry, particularly among UK providers, but also internationally. In the UK, this can probably be traced back to the 1986 Financial Services Act which formed the basis of much of the current regulation, and allowed other types of institutions to become involved in life assurance business. It has ultimately seen the demise of most of the innovative unit-linked companies that established in the 1970s and early 1980s. Over this period we have seen the growth in investor protection and a massive increase in reg...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes