IFAs can manage bancassurance threat, says Datamonitor

clock

Sales of life assurance products will stage a strong comeback over the next four years and IFAs should be able to hold onto a position of strength in the distribution chain, says Datamonitor.

The consultant forecasts the UK life assurance market to grow by £1.8bn to £5bn in the period, as stock markets recover and pension products remain popular. Overall sales by life companies will depend not least on them learning the lessons of the past few years in which consumers have become wary of products such as endowments and with profits, which Datamonitor says “have failed”. Bancassurers will take an increasing share of the total market for life products, the consultant adds, but it will not be all plain sailing. Its figures suggest bancassurers took a 15% share of the annua...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read
'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read