Govt to launch new range of 'simple' products

Financial secretary to the Treasury, Mark Hoban MP said the Government plans to publish the first high level consultation on simple products by the end of this year. However, he says the Government realises there has been some controversy around simple products in the past, such as the introduction of stakeholder pensions in 2001. He said: "I want to reassure you that we are determined to avoid making the same mistakes as the last Government. "So we will work closely with representatives from across consumer groups and industry to ensure that the products developed are viable for i...