Life companies have again reared their heads as competitors to advisers. But Standard Life's decision to buy advice firm Pearson could turn out to be a money maker for other adviser businesses, writes Stephen Hagues...
The acquisition could incite a trend of more insurers entering the advice market and going direct to clients to beef up the profits they get through financial advice. While the impact of the new pensions regulation is yet to be seen on life companies' revenues, profits are always a top priority for these firms and entering the advice market could help business. Now is certainly the time for change. After all, the impending 'sunset clause' is a big shake up of how advisers do business with platforms and life companies, and with liabilities also comes the opportunities. While the adm...
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