Do-it-yourself finance sites and direct insurance is growing increasingly popular among consumers.
Plan For Life Actuaries and Researchers have done research into the impact that direct products have on the advisory market, and is set to release the findings next month. So far it has found that direct insurance providers are attracting new customers and retaining existing ones by offering rewards. They are also offering different approaches to risk mitigation and cheaper premiums.
We would like to hear your opinion on whether the growth of these sites will have an impact on the advice profession. Do you think:
These sites are growing but it’s a good thing for customers
These sites will not have any impact on the financial advice profession
The growth of direct on-line services will damage the advice profession
They are not growing, the same thing has been happening for years
Share your thoughts below and don’t forget to take our poll HERE or on our homepage.