OPINION: Steve Wright has read the Contracts of Insurance Bill which was introduced to Parliament last week and outlines seven potential changes facing advisers and insurers.

Steve Wright gives his views on statements of advice as they related to life and health insurance.

Steve Wright asks: Is the illusion of knowledge holding your business back by preventing you from growing your skills as an adviser?

A Dispute Resolution Scheme has highlighted the importance of product knowledge for advisers. In a complaint against an insurance adviser, FSCL has suggested that “…  a key insight for insurance advisers is to ensure you are familiar with the policies you are recommending, so you can identify exclusions that might be relevant to your client.”