View more on these topics

Meet consumer needs with low-cost advice, says ABI

A full advice service for a single product costs advisers £670 to deliver to clients, meaning it is not economically viable for most consumers, says the Association of British Insurers.

Speaking at the ABI’s retail distribution review conference on simplified advice this week, assistant director of consumers and distribution Peter Jolly said a simplified advice process must offer a low-cost automated service.

Money Marketing revealed details of the ABI’s proposals for a simplified advice service earlier this month.
Aviva director of distribution development Steve Gay says to meet consumer needs, a simplified advice process must be delivered for as little as £50.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Julian Stevens 20th May 2010 at 9:57 am

    Decision trees! That’ll sort it.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm