Non-advised sales set for double-digit growth

clock

Double-digit growth is expected for non-advised distribution channels during 2010 as providers try to boost new business, according to Ernst & Young (E&Y).

Making its latest predictions for the UK life sector, E&Y says life assurers will increasingly try to find new routes to market by selling directly to consumers. The report, Happy New Year? UK Life and Pensions Outlook 2010, says this year will see many firms developing new propositions to meet the needs of the mass market. As a result of the need to provide low-cost distribution to consumers who will not pay fees, E&Y expects non-advised businesses to grow by at least 10%. E&Y forecasts growth in this sector despite general stagnation in life and pensions new business, as the indu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Fundamentally' different advice profession risks reputational damage from football scandal

'Fundamentally' different advice profession risks reputational damage from football scandal

High profile advice incidents like V11 ‘damaging’

Isabel Baxter
clock 09 September 2025 • 3 min read
Angela Rayner resigns after ethics report finds warnings ignored on tax advice

Angela Rayner resigns after ethics report finds warnings ignored on tax advice

Following investigation

Sahar Nazir
clock 05 September 2025 • 2 min read
What will cryptocurrency regulation mean for financial advice?

What will cryptocurrency regulation mean for financial advice?

‘Regulation doesn’t automatically make something a sound investment’

Isabel Baxter
clock 05 September 2025 • 8 min read