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...
More on Individual Protection
Cover Excellence Awards: Intermediary shortlists revealed
Thursday 10 October, The Brewery, London
How the Apollo 11 crew obtained their life insurance
50th anniversary of moon landing
CII chief issues call for Insuring Women's Futures ambassadors
‘Talk to 10,000’
Which? plans closure of mortgage and protection advice business
Period of consultation
More news
Fred Mahon: The maths of standing still
Reasons to be optimistic in 2021
What is the FCA's new DB advice assessment tool 'DBAAT'?
The Financial Conduct Authority (FCA) has published a defined benefit (DB) transfer tool which it said should help firms understand its file review methodology for DB transfer advice. But what exactly is it and why should advisers care?
FCA denies 12 advice firms authorisation following phoenixing suspicions
131 firms have authorisations revoked
