Pensions industry needs a new business model - Matthews

Speaking at the Institute of Economic Affairs’ (IEA) 9th Annual Conference on ‘Developing a new business model for a profitable future’, the chief executive of UK life and pensions at Standard Life provided an overview of way the industry has developed. Responding to Ned Cazalet’s report: ‘Polly put the kettle on’, Matthews chose a three little pigs theme for his speech, which describes the current commission based industry model as a ‘wooden’ house which will be “blown away by the winds of change”. Matthews points out there is clearly something wrong with the current model, as all the ...