Chamberlain: Insurance companies are industry's 'dark forces'

In a speech at a Defaqto conference on the retail distribution review (RDR) last week, Chamberlain outlined his company's proposition, which is based on the consolidation of assets onto its own white-labelled platform, in a range of model portfolios. However, he was unequivocal in his criticism of the major insurance companies and their ulterior motives. He said: "There are dark forces at work at the moment across the UK, mostly in insurance companies, who are perpetuating the myth that you need massive scale to deliver this proposition. "What they've done is launch platforms to tr...