Planners ready for TrowbridgeBY ALEX BURKE | MONDAY, 31 AUG 2015 12:05PMAround 80% of planners are prepared to make changes to their business models should the Trowbridge recommendations be implemented, according to Investment Trends research.
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I must mix in the 20% of Advisers as I have yet to find ANY adviser who's business is ready to take such a drop in revenue, maybe this is just PR spin
How many of those planning to "make changes" are actually intending to stop writing risk business? You can't operate a going concern with the reduction in income AND the 3 year responsibility period - especially when it is the insurer who decides when clawbacks will be made.