The benefits of a policy-trawling service

On 1 September 2002, the FSA's CP106 came into force, dealing with, among other things, new disclosure requirements relating to traded endowment policies. While any change that is of benefit to policyholders is welcome, the new rules, quite simply, do not go far enough. They require a life office to ensure the policyholder is made aware of the existence of the secondary market and how they might access it. So far, so good. The rules go on to say a life office may, if it wishes, go further than this ' for example, by telling the policyholder more about the market and the procedures ...