IFAs still face a "threat" from bancassurers - Datamonitor

IFAs in the UK might not face as rough a ride when the advice market is depolarised next year, says Datamonitor, and banks are able to distribute several different life products instead of just their own. Datamonitor's latest report "Opportunities in European Life Bancassurance" predicts a rise in UK market share for bancassurers selling financial products through the bank's advisers - from 18% in 2002 to 28% in 2007. At the same time, IFAs will see a drop from their current 56% market share to just under 52%. Datamonitor believes bancassurers will try to benefit from ...