The armchair critic: back to basics on simple products

ARMCHAIR CRITIC

clock

Brendan Llewellyn on the growing need for quality, simple products.

We can see why this initiative got going. Long-term financial products have become complicated, features have proliferated, funds have multiplied, and tax legislation is complex so most consumers need an adviser to act as professional interpreter. The regulator has responded to this by seeking to raise standards of advice, managing bias by removing commission all wrapped up in the Retail Distribution Review (RDR). But RDR raises the cost of providing advice, so creating more potential for fewer consumers to know what they are doing. So the simple products initiative will, in principle...

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 Your profession

Roger Brosch: Advice should also mean investing in your memory bank

Roger Brosch: Advice should also mean investing in your memory bank

Financial advice is never about the money itself

Roger Brosch
clock 27 August 2026 • 3 min read
The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read