Aegon has begun a campaign to highlight the importance of the adviser market in the face of stiff competition from internet sales.
However, the provider believes IFAs can only do this if they stop competing on price alone and emphasise the extra value they can provide their clients. It feels advisers in the protection market do have the skills required to add value in a way that can differentiate themselves from non-advised internet distributors. Stephen Crosbie, head of proposition management, investments and protection at Aegon, suggests IFAs must identify these enhancements and not solely fight on price. "If traditional protection advisers want to succeed, it is now time to stop competing on price alone," h...
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