Market views: Mis-selling simple products?

clock

HM Treasury believes simple products by definition should be allowed to be sold without advice.

What are your views on this approach? Does it have implications for mis-selling? Paul Doyle, Net Worth Planning The two key words here I believe are ‘sold’ and ‘advice’. Simple products should be able to be sold with a sensible minimal level of sales and compliance procedures. However, the role of the adviser to act as a catalyst for guidance and positive action is more vital than ever if we are to properly address the current protection gap. Whilst simplification ‘where appropriate’ is an extremely important step in fighting the current trend towards ‘complicated product exten...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

 'The protection gap will not close itself, and now there are no excuses'

'The protection gap will not close itself, and now there are no excuses'

'Let’s work together'

Paul Yates
clock 21 July 2026 • 3 min read
Price comparison impacting consumer understanding

Price comparison impacting consumer understanding

BIBA, ABI and Fairer Finance

Cameron Roberts
clock 25 June 2026 • 2 min read
Guardian launches two critical illness products

Guardian launches two critical illness products

Focus on cost and quality

Cameron Roberts
clock 08 June 2026 • 2 min read