The Association of Independent Financial Advisers (Aifa) has said that the Financial Services Authority (FSA) should have conducted a retail market review rather than just focusing on distribution. Do you agree? How much will the Retail Distribution Review (RDR) affect the protection market?
Roy McLoughlin, Master Adviser The problem we are all facing is simple - there is an unacceptable protection gap, and we have to be honest with ourselves as the major distribution channel, and admit that we are just as culpable as the others. A wide-ranging retail market review would help, but industry experts could sit around tables for days debating what this means and in what form it should manifest itself. So why are people not taking out protection, and importantly, how can we resolve this? Are distributors responsible for perpetuating the protection gap? The RDR is important and...
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