IFAs may need to give "serious consideration" to finding new revenue streams, suggests Datamonitor, ahead of a potential slump in the critical illness market.
Although the research firm is not predicting a crash in public interest, Datamonitor says the growth of this £330m market is expected to slow to over the next five years. CII is not anticipated to grow by less than 20% by 2008, however, this compares with overall growth of CII of 65% from £200m to £330m since 2000, because mortgage-related sales are likely to decrease and advisers will turn their attentions again to investment, suggests Janett Weit, lead financial analyst at Datamonitor. "Whilst this is not a market in collapse, the good times have undoubtedly come to an end. The hous...
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