Add new comment

I think from the comments people may be miss-reading this proposal which is "unsolicited sales". It does not prohibit marking or sales where a customer has requested contact. For example where a customer has provided a phone number or email address for contact. What is stops is customers being cold called or hounded online when they have not chosen to be.
This is good news for customers and advisers. Most of the direct junk insurance sellers won't be able to survive without their cold calling and dodgy sales practices and at least 3 or 4 have already pulled out of the market. Watch more follow.
Advisers will become a lot more important to manufacturers and they had better get used to it and start working with them instead of against them.