Fortune Favours the Brave

Opportunities in the distribution of financial services in the United Kingdom are ripe for the taking but only those with visionary leadership, the will to battle for brand recognition and the foresight to leverage technology to serve customers well need apply.

The evolving distribution landscape is waking up. Everyone knows that good savings habits need to be reestablished and that the UK market desperately needs savings vehicles to ensure those in the mass market save enough for their retirement. However, the proposed changes in the FSA’s Retail Distribution Review are not sufficient to achieve the far-reaching structural change required to the overall business model.

Now is a critical time for industry players to reevaluate their attitudes to risk and strategies for this market, if they are to have any chance of success. They need to wake up to the fact that the distribution of savings to the mass market is very viable. When these services are delivered cost effectively with good customer service, there may be significant revenue opportunities.

Download CSC's six-page viewpoint report, Fortune Favours the Brave (PDF 378KB) which explores the options available to life and pensions companies to tackle the savings gap and engage today's UK consumer.