Industry needs all shapes and sizes

Viewpoint

As an industry so confused by regulation, mis-selling scandals and so-called experts dictating the f...

As an industry so confused by regulation, mis-selling scandals and so-called experts dictating the future of this sector with a plethora of consultation papers, it is little wonder consolidation is taking a firm grip. While the FSA continues to take the view that 'big is beautiful', there is an obvious lack of support for the quality end of our market, which will ultimately question its future. The regulator seems to favour the mass-selling machines of the insurance companies as the most appropriate business model in a depolarised world. Effectively, this chosen mantra is being used to c...