Katz says he plans to compile information and present it to Aifa so it can confront life companies about their practices.
He says: “There has been news over the last few weeks of life offices arbitrarily cancelling agencies. I would be grateful if any of those affected would drop me an email setting out precise details so that this matter may be taken up on their behalf.”
Katz says that while it is common for agencies to be cancelled in the general insurance market, he is “very surprised” that it is happening in the life and pension market.
He says: “It is important that we respond to this as a group. Life offices are more likely to take notice of a trade body such as Aifa than complaints coming from single IFAs and small firms.”
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