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...
Thursday 10 October, The Brewery, London
50th anniversary of moon landing
‘Talk to 10,000’
Period of consultation
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%