Life companies now just 'admin machines', says E&Y's Kerr
A number of large insurers face being killed off by the onset of the Retail Distribution Review (RDR) as they are "running out of proposition", a director at Ernst & Young has said.
Speaking at the PIMS conference earlier today, Malcolm Kerr, a director in E&Y's financial services division, said most insurance companies had been turned into "admin machines" as a result of RDR...
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