Just when you think news cannot get any bigger, I must say this is the bomb man!
Refer to the headlines below
Whilst the days of sales pitches touting ‘tripe-A’ rated insurer and the AIA brand become consigned to history in time to come
And of course something that doesnt seem so positive for IFAs like us, judging from the way Prudential has terminated UOB Life’s distribution agreement with IFAs, so we can expect more ‘useless’ roadshows that do nothing to plug the Protection / Coverage GAP yeah 😦 and more blalant product pushing from ban-assurance channels to come? Personally I agree with the article, the last thing that consumer really needs is lack of choices and a potential monopoly – which is anti-competition!!
It remains to be seen how 2 large institutions can be integrated like this …. and that will P have a change of heart and consider distribution via IFA channel considering their track record?
Keep your eyes peered