Given the potential growth of hybrid health and protection policies, the Association of Medical Insurance Intermediaries (AMII) has said it is open to expanding its remit to the protection market (although it has no plans to do so at present). Would this be a good move for protection focused IFAs, or is an alternative solution needed?
Phil Jeynes, Direct Life To represent our interests, what is required is a unified voice on matters relating to protection and, crucially, a voice with credibility and influence within the corridors of power. I am certainly of the opinion that adding another trade body specifically for protection advisers, while appealing as a concept, is flawed in its potential to deliver this aim – adding as it would another chair around an already crowded table. Creating an alliance with a successful and complementary existing organisation seems to me the most likely route to achieving our goal. I...
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