The A-Day changes have made PTA product of the day for all market advisers, but in being too specialised does it mean sour grapes for others? Samantha Downes investigates
Pension term assurance (PTA) has fast become the product du jour, a term assurance policy that offers the retirement-planning benefits of tax-free contributions. But changes to the Financial Services Authority's (FSA) conduct of business rules, which from April this year allowed brokers specialising in general insurance to sell PTA, are now being questioned over fears the product is too specialised to be sold by anyone other than those advising on pensions. Since the changes, which were brought in as part of A-Day or pension simplification on 6 April 2006, demand for PTA is estimated to...
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