Hat tip to Russell Hutchinson for this story in the UK Observer newspaper. It looks at some of the ways the UK Financial Services Authority is looking to try and restore consumer trust in the insurance and financial products industry.
A ban on commissions and an end to independent financial advisers are two of the more "out there" ideas that could be on the table.
Whilst we doubt this will ever happen, its an interesting debate and - as advocates and pioneers of online life insurance direct to the consumer, with no trail commission to middlemen – its one we'll certainly keep an eye on.
Related posts: Consumers shouldn't be kept in the dark about life insurance commissions - 25 June We agree - no trail commissions! 24 May Life insurance online and the middlemen 18 May