Life Industry Shakeup Will Challenge Advisers

Changes to the structure of the life insurance market continue apace, echoing the disruption occurring elsewhere in the financial services industry. Regulatory changes and legacy issues with older insurance products are likely to cause problems for the industry, with some new players in the market hoping to be better placed to benefit from their updated offerings and strategies. The recent consolidation among some existing providers will have ramifications for both the products being sold and the people involved in their distribution and service.