Cancellation and persistency rates a 'stumbling block' - Advisers

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Stakeholders within the life assurance market need to work together to tackle the ongoing problem of cancellation and persistency rates, a national IFA has urged.

Jump Money is seeking to bring distributors, providers and media sources together to tackle the issues which it believes are a major stumbling block for the life assurance market. In particular, the firm argues that providers in particular need to work to understand the significant differences and challenges that volume distributors, like Jump Money, face as well as understanding the nature of the enquiries they generate and the likely key performance indicators that this type of business will create. Jason Butler, CEO of Jump Money stressed that the industry needs to look closely at ...

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