Report comment

The current insurance problem is twofold, unaffordably high insurance premiums and run off costs of closing down a firm.

We're told that unregulated providers are the future to plug "gaps" in available advice, when there wouldn't be gaps if it was cheaper to set up and run a firm, and it didn't bankrupt you if it didn't work out and you had to close down.

If this plan to lower the level of cover doesn't address that then frankly what's the point?