View more on these topics

Long live the life companies

From Richard Griffiths

In my Comment page of November 29, your readers may have got the impression that I expect life companies to follow the dinosaurs in disappearing from the face of our planet.

This is misleading in that I was referring to the few remaining tied agency salesforces of the life companies, not the life companies themselves. Many such tied agency salesforces have disappeared over the past 10 years and, in the new FSA regime of transparency and ‘clear, fair, and not mis-leading’ dealings with the consumers, I believe any adviser tied to a single product provider will find it increasingly difficult to attract clients.

I hope life companies remain in business as providers of life and critical illness cover. We deal with many such companies and expect to do so for a long time to come.

Richard Griffiths
Network Data
By email

Recommended

Market warch

Last week swap rates fell before climbing back to their previous levels. It has been a much busier week for new rates but no one has yet beaten Portman’s two-year fixed at 4.69%.

Here’s Johnny!

Legendary entrepreneur John Garfield is gearing up to breathe new life into Charcol, a firm he co-founded 30 years ago, says Helen McCormick

Purely predicts house price inflation of 3% for 2005

Mark Chilton, chief executive of Purely Mortgages says he predicts overall house price inflation of 3% for 2005.He is also predicting the Bank base rate to end 2005 at 4.50%, and SVR to be 6.60% at the end of the year.Chilton says: “For years I used to sit in January, surrounded by property agents predicting […]

Mutuals get relief from IAS

A statutory instrument from the Treasury, laid before parliament yesterday, will remove some of the pressure of the International Accountancy Standards from building societies.As reported in Mortgage Strategy on December 6, building societies with intermediary subsidiaries, such as Britannia with Platform, may have been hit by a requirement of the IAS being introduced on January […]

thimbnail

Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.

Newsletter

News and expert analysis straight to your inbox

Sign up