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 ...
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