The government is proposing to broaden the range of simplified products beyond the three typ...
The government is proposing to broaden the range of simplified products beyond the three types proposed by Ron Sandler.
Besides a unitised product, a with profits product, and a pensions product, the Treasury says there is an argument for also allowing a guaranteed product, term assurance, a deposit account, an annuity, and "financial health-check" and the Child Trust Fund.
The government is not convinced that the benefits of including term assurance or annuities outweigh the potential problems.
It also wants view on whether CAT-marked cash ISAs should be rebranded in line with the Sandler suite.
It says there is "a strong case" for including the Child Trust Fund in the suite of proposed products.
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