Few offshore banks and life offices are taking advantage of the massive potential of the internet for client and IFA servicing, leaving the territory free for third parties to explore
Distracted by all the comment about disintermediation and technology? Damaged by the failure of financial product styles to meet client expectations? Fazed by increasingly complex regulatory involvement? Pre-occupied with risk and return issues for new breeds of investments? Does any of this sound familiar? In this context, anyone would be forgiven for saying the IFA market is under stress. To suggest, however, this spells the end of offshore IFA activity would be missing the point completely. The IFA market is very resilient and the pressures that are giving rise to the stress will only...
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