From the Editor: All change for the UK life sector

“Stuck in their ways”, “unwieldy” and “inflexible” may have been some of the words that came to mind. However, things are changing under the surface of some of our most conservative institutions as they realise they must adapt to survive in a world shaped by new regulatory requirements including RDR and Solvency II. Getting the strategy right will be crucial for the future as, unlike in the past, life companies will not be able to rely on offering huge commissions to attract advisers. Even better for journalists covering this industry, the life companies are keener than ever before...