Do you think that any standardisation of qualifications for advisers will improve public trust in the insurance industry, leading to an uptake in the amount of people seeking out independent advice?
Fahim Antoniades, Quantum Money Whether through large insurance companies, banks, the Post Office, supermarkets or financial advisers, the public has a large array of avenues through which they could buy their insurance needs. My, perhaps biased view, is that those buying insurance products through supermarkets for example, are ‘sold to’ and ‘processed’ rather than advised; I have yet to see a supermarket identify a potential IHT problem as a result of selling someone life insurance. If the regulators are serious about transparency, then they should pay as much attention to helping the p...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
