Generating profitable new business is very difficult in today’s market conditions with remorseless pressure on margins in a changing regulatory environment. However, the medium term volume potential in the long-term savings market is high. The simplification of pensions expected in April 2006 will help trigger a melt down Defined Benefit pension schemes. This, combined with the decline of traditional solutions to asset allocation, such as with profits, will boost the need for professional investment and financial planning advice. Having a coherent distribution model is essential in this environment, but actually achieving it is very difficult.
Moreda brings extensive experience in all aspects of distribution across all levels of the industry. We blend deep understanding of the economic and operational characteristics of the different distribution models to bring genuinely new and helpful insight to clients grappling with these issues. We have made understanding the mindsets and motivations of financial advisers central to our proposition.