With the introduction of BOD49, formerly known as Circular 12, in the UAE, the advice and life insurance sectors are set for greater customer transparency.
But just as it happened in the UK with the introduction of the Retail Distribution Review (RDR), the advisory industry in the region will go through some level of disruption.
Walter Jopp, chief executive of Zurich Middle East, speaking at International Adviser‘s Fund Links Forum on 17 October 2019, gave his view on the impact that this regulation is going to have on firms in the region and how they might need to rethink their distribution models.
