Royal London sets up second tier to profit from end of polarisation

Royal London is positioning itself for the end of polarisation with the creation of a second tier advice service which could expand to sell a range of investment and savings products from other providers. The initial pilot project will sell products not regulated under the FSA Conduct of Business Rules, such as life assurance and general and health insurance. If depolarisation occurs and its replacement follows the model outlined in Consultation Paper 121, the variety of products the second tier advisers can sell will be widened to long-term savings products such as investment bonds and...