Market views: Mis-selling simple products?

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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...

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