Pension term assurance leads to "ICOB +" rules

Under current rules, only advisers working under the investment-oriented Conduct of Business Sourcebook are allowed to recommend pensions term assurance(PTA) to clients, as current rules only allow PTA to be sold with a pension. However, in proposed amendments to rules governing such products, the FSA notes just 1% of all term assurance policy sales are in PTA and changes to the pensions regime post A-Day should make it easier for consumers to consider taking out life cover, so alterations to the Insurance Conduct of Sourcebook will allow intermediaries to make recommendations for PTA as...