The future of the life industry: Eight predictions from RL360°
By International Adviser, 28 Jul 15
In the first of a series of insights from prominent life industry figures, David Kneeshaw, chief executive at RL360°, takes a look at future opportunities.
I see that there will be greater regulation on advisers and greater transparency demanded from them in their dealings with customers. Good firms will adapt and succeed in that environment.
They will have to show a stronger financial base, demonstrate they have robust processes for investment advice and compliance and so therefore, as a result, I would anticipate the number of advisory firms will be fewer but those that survive will be bigger and stronger.
As part of that process I would expect advisory firms to be building long-term remuneration models and not just relying on front end commission.
Tags: HMRC
