Stakeholder mis-selling

By Debbie Harrison The Government must consider applying Cat mark standards to protection products, savings and loans that will be sold through voluntary benefits schemes alongside stakeholder pensions from next April if it wants to avoid widespread mis-selling of non-regulated products. The most common voluntary benefits are permanent health insurance (PHI), critical illness, medical insurance and life assurance. Martin Thompson, commercial manager at Sedgwick Independent Financial Consultants, said: "When stakeholder pension schemes are launched next April, providers will have an excel...