Skandia has said it will enable adviser charging on 90% of its life products with the main exceptions being the Maximum Investment Plan (MIP) and the Skandia Life Bond range.
MetLife Europe will launch a suite of new products this year and next on the back of its acquisition today of American Life Insurance Company (Alico).
Skandia predicts consumers will turn to Maximum Investment Plans(MIP) as changes to tax relief drive investors away from pensions.
Cutting the annual pension allowance to £50,000 has been welcomed by the industry, but the move has immediate implications for higher earners.