Advisers 'lose significant re-broking income' after G-day price rises

Advice firm Catalyst Financial Solutions said clients are being put off by the comparably higher prices post-gender neutralisation. Lawrence King, chief executive of the IFA firm, said: "For new clients, selling protection is okay because they have nothing to compare against. "But the renewals and re-broking for existing policyholders is probably a line of business that is not going to happen much now." He added that as an IFA there were other areas of business to rely on but the protection specialist adviser may struggle if this was a significant part of income stream. "Insurer...