“Decomplexifying” Financial Products is Challenge of the Next Decade

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10th Nov 2017

Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.

In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.

Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to (name and title of Zurich).

Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”

“Study after study is showing us that even well – educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.

“When you add increased globalisation to that mix you can readily see the maze consumers face in trying to reach decisions that will deliver to them the best outcomes for themselves and their families.”

He said decomplexifying, to be achieved, will need to be driven by consumers and policymakers, locally and internationally.

“Brokers Ireland awards mark a contribution to that agenda, which contributes in some small way towards creating competition among product providers,” he said.

He congratulated all winners:

Overall Financial Broker Excellence Award  2017 – Zurich

Zurich has won the overall Brokers Ireland 2017 Excellence Award at a ceremony held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; David O’Dowd, Managing Director, Zurich Life and Cathal Lowe, President, Brokers Ireland Photo by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying to reach decisions that will deliver to them the b

Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; David O’Dowd, Managing Director, Zurich Life and Cathal Lowe, President, Brokers Ireland

Excellence in Mortgage Lending – Haven Mortgages

Haven Mortgages won the Excellence in Mortgage Lending Award at the Brokers Ireland 2017 Excellence Awards held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured are; (l-r) Diarmuid Kelly Chief Executive Brokers Ireland; Kieran Tansey, Managing Director, Haven Mortgages and Cathal Lowe, President, Brokers Ireland Photo by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying to r

Pictured are; (l-r) Diarmuid Kelly Chief Executive Brokers Ireland; Kieran Tansey, Managing Director, Haven Mortgages and Cathal Lowe, President, Brokers Ireland

Excellence in Financial Products – Zurich

Zurich has won the overall Brokers Ireland 2017 Excellence Award at a ceremony held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; David Warren Chief Investment Officer in Zurich Life and Cathal Lowe, President, Brokers Ireland Photo by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying to reach decisions that will deliver to them

Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; Jonanthan Daly, Head of Retail,   in Zurich Life and Cathal Lowe, President, Brokers Ireland

Investment Excellence – Zurich

Zurich has won the overall Brokers Ireland 2017 Excellence Award at a ceremony held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; Jonathan Daly Head of Retail in Zurich Life and Cathal Lowe, President, Brokers Ireland Photo by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying to reach decisions that will deliver to them the best

Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; David Warren, Chief Investment Officer, Zurich Life and Cathal Lowe, President, Brokers Ireland

Service Excellence –  Royal London

Royal London won the Service Excellence Award at the Brokers Ireland 2017 Excellence Awards held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; Daragh Feely, Head of Sales and Joe Charles, Head of Propositioning at Royal London and Cathal Lowe, President, Brokers Ireland Photo by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying

Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; Daragh Feely, Head of Sales and Joe Charles, Head of Propositioning at Royal London and Cathal Lowe, President, Brokers Ireland
 
Excellence in Broker Support – Zurich

Zurich has won the overall Brokers Ireland 2017 Excellence Award at a ceremony held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; Joe Creegan, Head of Corporate in Zurich Life and Cathal Lowe, President, Brokers Ireland Photo by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying to reach decisions that will deliver to them the be

Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; Joe Creegan, Head of Corporate in Zurich Life and Cathal Lowe, President, Brokers Ireland

Zurich has won the overall Brokers Ireland 2017 Excellence Award at a ceremony held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design. Pictured is David O'Dowd celebrating with the awards Picture by Stephen Wall Morris No Repro Fee Friday 10th November, 2017   “DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF   Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.   In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.   Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.   Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”   “Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.   “When you add increased globalisation to that mix you can readily see the maze consumers face in trying to reach decisions that will deliver to them the best outcomes for themselves and their families.”   “Quality financial advice must be at

Pictured is David O’Dowd celebrating with the four Zurich awards

 

Zurich has won the overall Brokers Ireland 2017 Excellence Award at a ceremony held at the Intercontinental Hotel, Dublin last night. It was based on a comprehensive survey of impartial financial brokers who said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.

Pictured are (l-r) Diarmuid Kelly CEO Brokers Ireland; David Warren Chief Investment Officer in Zurich Life; David O’Dowd, Managing Director, Zurich Life; Jonathan Daly Head of Retail in Zurich Life, Joe Creegan, Head of Corporate in Zurich Life and Cathal Lowe, President, Brokers Ireland

Photo by Stephen Wall Morris 
No Repro Fee

Friday 10th November, 2017
 
“DECOMPLEXIFYING” FINANCIAL PRODUCTS IS CHALLENGE OF THE NEXT DECADE SAYS BROKERS IRELAND CHIEF
 
Zurich has been declared the overall winner of Brokers Ireland 2017 Excellence Awards at a ceremony held at the Intercontinental Hotel, Dublin last night following a comprehensive survey of impartial financial brokers undertaken by W5 and independently reviewed by Cooney Carey.
 
In the survey financial brokers said the number one priority for them was competitive value for consumers, followed by competitive charges. They also rated highly criteria such as financial strength and innovative product design.
 
Diarmuid Kelly, Chief Executive of Brokers Ireland, which represents 1,300 broker firms throughout Ireland presented the overall award to Zurich Life.
 
Speaking after last night’s ceremony Mr Kelly said: “There is a crying need to decomplexify financial products and this is going to be a major issue over the next decade.”
 
“Study after study is showing us that even well - educated consumers have difficulty understanding basic financial products. And the insights from behavioural economics are showing us the folly of assuming that given certain facts we will behave rationally.
 
“When yo