Fun and games on countdown to launch

First up was the purchase price Axa paid for Thinc Destini. Now clearly I do not have full access to information on the deal but given some of the recent - and not so recent - value destruction projects undertaken by the life sector in matters of distribution I cannot but help but think the price paid was a little on the ‘full’ side. I wonder just when large organisations are going to appreciate that the value of an advisory group lies entirely in long-term client value rather in selling more and more products. In perhaps related news, it is good to see the FSA’s Retail Distribution Rev...