Zurich's Richard Howells: How IFAs can stand out in a crowd

clock

Last month we explored one of the three key components of business strategy - the importance of price play. This month we turn to the second: product/service differentiation.

One could argue that all business strategies are about differentiation, even those that focus on price. A cursory glance at any TV advert shows the dominance of price as a key incentive. However, for the purpose of this article let's assume differentiation is expressed in qualitative terms which customers value over and above price. Lessons learnt from history tell us that if you have something different from your competitors then you have a unique market position. Indeed, Thomas Edison would have found it easy to demonstrate the advantages his new-fangled incandescent light had over th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Protection did not make the targeted support cut and rightly so

Protection did not make the targeted support cut and rightly so

Tony Mudd on saving for tomorrow and protecting today

Tony Müdd
clock 30 October 2025 • 3 min read
Junior minister reiterates no-change stance on APR and BPR proposals

Junior minister reiterates no-change stance on APR and BPR proposals

In response to MP’s ‘devastating consequences’ warning

Sahar Nazir
clock 30 October 2025 • 4 min read
Starmer rules out investigation into Reeves' rental 'mistake'

Starmer rules out investigation into Reeves' rental 'mistake'

Prime minister says probe ‘not necessary’ but pressure on

Jen Frost
clock 30 October 2025 • 2 min read