Aegon calls for revolution in adviser-marketed products

Products need to be simplified and made clearer to consumers in order to make them commercially viable to providers following the abolition of commission-based marketing, Aegon UK CEO Adrian Grace said yesterday. Speaking at a round table discussion at the Association of British Insurers' biennial conference, Grace warned that too many life insurers were still stuck in the commission-based world, setting their businesses up to deal with intermediaries rather than consumers. He told the panel: "There needs to be a revolution in terms of advice because if you look around the UK at the m...