A clean slate

Life companies are having to adapt to a new generation. They have sustained their businesses on brand and a lack of alternatives, but this will not work in the future. Previously their business was built on marrying products and investment management, but most proved inept at the latter, so they are now only left with the product side with much of the investment management side outsourced to external fund managers. But there is increasing competition on this product side. This month we profile wrap provider Transact who provide all the major product wrappers, plus full open architecture...