Planning strategically for changes in group markets will be key for doing business next year, according to group risk provider Ellipse.
John Ritchie, CEO of Ellipse, said: "Those who have planned for the long-term and who continue to think strategically about how their business fits into the big picture will outperform the peer group.
"Historically, in the group risk trade we tend to plan and account year by year but this cycle may be of little strategic use in 2013.
"Next year there will be two major shifts in the industry landscape, both of which have been mapped out over the last decade: RDR has been in the ‘planning stages' since 2007/08 and the fundamentals of auto-enrolment were emerging just before the turn of the millennium.
"Businesses will not only have to concentrate on the here and now in 2013 but also plan long-term as the result of highly significant industry changes.
"Having the foresight to step back for authentic strategic planning led by a keen sense of the market will help group risk industry players to stand out."
