Thread: will Retail Distribution destroy your UK Insurance business?

Recently we’ve been in discussion with the leaders of other major insurance companies here in the UK on the potential impact of the Retail Distribution Review (RDR) on their businesses.
We are convinced that the impact of the Retail Distribution Review will be the most damaging regulatory change to hit your business, fundamentally because UK new business volumes are set to collapse as a result of RDR implementation for the following reasons:

• UK new business volumes will decline by 15-20% through evaporating consumer demand and shrinking availability of advisors (IFAs and tied)
• Your margins will decline considerably as you are forced to make up for lost volume through marketing to difficult distribution channels, such as Aggregators and Price Comparison sites, at considerably reduced margins
• Your existing cost structure will be unsustainable given the decline in new business levels

For More Know about Retail Distribution Review

It will be depends on the quality of the market and their RDR

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