But you want to make them work, and continue to work, for the customer. Doing this in a tough and ever changing regulatory environment, well it’s much more difficult. But we like a challenge.
Meeting customer needs
At the heart of what people need is often a product, and your priority is to make these products attractive and fair for your customers.
Customer needs are ever-changing, and so is the landscape, so what seemed the right thing yesterday is not always the right thing today. Not only that, but it’s also important to ensure products are capital and liquidity efficient, sometimes through appropriate reinsurance arrangements, to meet long term profitability.
We know how to make new products work in a tough regulatory environment and would love to work with you to conceive, develop and launch new retirement, savings and protection products. We can also help you review your existing products to ensure they remain appropriate in the ever-changing environment.
Hymans Robertson played a major role in the proposition development, including product design, pricing and reinsurance procurement, as well as having an active role in the leadership team.
CEO Consumer Division, Royal London